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20 of 124 unique stocks in common · Jaccard: 16.1%
A weighted portfolio overlap of 36.82% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹36.82 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.44% in HDFC Value Fund and 5.47% in Nippon India Value 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 | 6.44% | 5.47% |
| HDFC BankBanks | 5.26% | 5.94% |
| Larsen & ToubroConstruction | 2.93% | 3.24% |
| Bharti AirtelTelecom - Services | 3.25% | 2.84% |
| InfosysIT - Software | 2.70% | 3.21% |
| NTPCPower | 2.65% | 3.35% |
| Reliance IndustriesPetroleum Products | 2.26% | 2.57% |
| State Bank of IndiaBanks | 3.49% | 1.84% |
| Bharat ElectronicsAerospace & Defense | 2.25% | 1.33% |
| Max Financial ServicesInsurance | 1.28% | 2.13% |
| The Phoenix MillsRealty | 1.62% | 1.24% |
| SBI Life Insurance CompanyInsurance | 2.13% | 1.15% |
| Equitas Small Finance BankBanks | 1.01% | 0.89% |
| Jindal SteelFerrous Metals | 0.87% | 1.78% |
| Bajaj AutoAutomobiles | 1.22% | 0.86% |
| Tech MahindraIT - Software | 1.72% | 0.82% |
| Balkrishna IndustriesAuto Components | 0.74% | 1.03% |
| Axis BankBanks | 4.27% | 0.64% |
| Electronics Mart IndiaRetailing | 0.54% | 1.42% |
| Maruti Suzuki IndiaAutomobiles | 1.29% | 0.51% |
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.