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10 of 86 unique stocks in common · Jaccard: 11.6%
A weighted portfolio overlap of 16.33% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.33 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is Bharti Airtel, which commands a weight of 2.96% in HDFC Flexi Cap Fund and 9.02% in Nippon India Consumption Fund. Holding both schemes increases your concentration in Bharti Airtel rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in HDFC | in Nippon |
|---|---|---|
| Bharti AirtelTelecom - Services | 2.96% | 9.02% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 5.67% |
| EternalRetailing | 2.73% | 2.74% |
| Eicher MotorsAutomobiles | 2.46% | 3.59% |
| Bajaj AutoAutomobiles | 1.78% | 3.88% |
| HDFC BankBanks | 6.48% | 1.33% |
| United SpiritsBeverages | 0.72% | 2.83% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 1.24% |
| Havells IndiaConsumer Durables | 0.57% | 3.89% |
| TVS Motor CompanyAutomobiles | 0.29% | 1.67% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.