Loading fund overlap…
14 of 146 unique stocks in common · Jaccard: 9.6%
A weighted portfolio overlap of 10% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹10 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is Eternal, which commands a weight of 2.73% in HDFC Flexi Cap Fund and 1.77% in Nippon India Growth Fund. Holding both schemes increases your concentration in Eternal 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 |
|---|---|---|
| EternalRetailing | 2.73% | 1.77% |
| Max Healthcare InstituteHealthcare Services | 1.38% | 1.82% |
| Persistent SystemsIT - Software | 1.25% | 1.73% |
| InterGlobe AviationTransport Services | 2.79% | 1.19% |
| Axis BankBanks | 6.84% | 0.91% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 1.23% |
| BoschAuto Components | 1.10% | 0.67% |
| Prestige Estates ProjectsRealty | 0.45% | 1.92% |
| BSECapital Markets | 0.44% | 1.35% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.40% | 0.71% |
| Dixon Technologies (India)Consumer Durables | 0.36% | 1.24% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.34% | 0.90% |
| Restaurant Brands AsiaLeisure Services | 0.23% | 0.08% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 1.13% |
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.