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13 of 192 unique stocks in common · Jaccard: 6.8%
A weighted portfolio overlap of 8.13% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.13 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is Max Healthcare Institute, which commands a weight of 1.38% in HDFC Flexi Cap Fund and 2.17% in Nippon India Nifty Midcap 150 Index Fund. Holding both schemes increases your concentration in Max Healthcare Institute 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 |
|---|---|---|
| Max Healthcare InstituteHealthcare Services | 1.38% | 2.17% |
| Persistent SystemsIT - Software | 1.25% | 1.21% |
| PB FintechFinancial Technology (Fintech) | 1.18% | 1.34% |
| FSN E-Commerce VenturesRetailing | 0.80% | 0.85% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 1.39% |
| Prestige Estates ProjectsRealty | 0.45% | 0.68% |
| BSECapital Markets | 0.44% | 1.32% |
| Dixon Technologies (India)Consumer Durables | 0.36% | 1.10% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.34% | 0.97% |
| Escorts KubotaAgricultural, Commercial & Construction Vehicles | 0.34% | 0.39% |
| The Ramco CementsCement & Cement Products | 0.34% | 0.35% |
| Dr. Lal Path LabsHealthcare Services | 0.66% | 0.30% |
| Hindustan Petroleum CorporationPetroleum Products | 0.25% | 1.10% |
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.