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35 of 190 unique stocks in common · Jaccard: 18.4%
A weighted portfolio overlap of 32.34% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.34 is allocated to the exact same companies at the same relative proportions. The schemes share 35 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.77% in HDFC Multi Cap Fund and 3.66% in Nippon India Multi Cap Fund. Holding both schemes increases your concentration in ICICI Bank 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 |
|---|---|---|
| ICICI BankBanks | 3.77% | 3.66% |
| HDFC BankBanks | 3.63% | 6.08% |
| Reliance IndustriesPetroleum Products | 2.51% | 2.79% |
| Axis BankBanks | 2.32% | 3.17% |
| NTPCPower | 1.75% | 2.20% |
| State Bank of IndiaBanks | 1.65% | 2.49% |
| Larsen & ToubroConstruction | 1.60% | 2.24% |
| EternalRetailing | 1.91% | 1.33% |
| HCL TechnologiesIT - Software | 1.12% | 1.16% |
| InfosysIT - Software | 1.10% | 1.02% |
| TrentRetailing | 1.07% | 1.01% |
| Jubilant FoodworksLeisure Services | 0.91% | 0.91% |
| Max Financial ServicesInsurance | 0.73% | 2.32% |
| The Indian Hotels CompanyLeisure Services | 0.71% | 1.99% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.63% | 0.79% |
| Power Finance CorporationFinance | 1.12% | 0.63% |
| ABB IndiaElectrical Equipment | 0.92% | 0.59% |
| Mahindra & MahindraAutomobiles | 1.37% | 0.57% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.74% | 0.52% |
| Devyani InternationalLeisure Services | 0.63% | 0.51% |
| EIHLeisure Services | 0.51% | 3.86% |
| LupinPharmaceuticals & Biotechnology | 0.91% | 0.49% |
| Ajanta PharmaPharmaceuticals & Biotechnology | 0.59% | 0.46% |
| Sona BLW Precision ForgingsAuto Components | 1.12% | 0.43% |
| Whirlpool of IndiaConsumer Durables | 0.45% | 0.39% |
| HDFC Life Insurance CompanyInsurance | 0.53% | 0.38% |
| Timken IndiaIndustrial Products | 0.95% | 0.38% |
| Chalet HotelsLeisure Services | 0.76% | 0.31% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.27% | 0.60% |
| AU Small Finance BankBanks | 0.99% | 0.26% |
| Tata SteelFerrous Metals | 1.06% | 0.24% |
| Page IndustriesTextiles & Apparels | 0.63% | 0.23% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.22% | 0.73% |
| Bajaj Consumer CarePersonal Products | 0.70% | 0.21% |
| Kalpataru Projects InternationalConstruction | 0.31% | 0.16% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.