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21 of 316 unique stocks in common · Jaccard: 6.6%
A weighted portfolio overlap of 9.25% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.25 is allocated to the exact same companies at the same relative proportions. The schemes share 21 common holdings.
The largest overlapping asset in their portfolios is TD Power Systems, which commands a weight of 2.17% in JM Small Cap Fund and 1.82% in Nippon India Small Cap Fund. Holding both schemes increases your concentration in TD Power Systems 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 JM | in Nippon |
|---|---|---|
| TD Power SystemsElectrical Equipment | 2.17% | 1.82% |
| Avalon TechnologiesElectrical Equipment | 2.30% | 1.12% |
| Lumax Auto TechnologiesAuto Components | 1.12% | 0.62% |
| Navin Fluorine InternationalChemicals & Petrochemicals | 3.19% | 0.60% |
| Krishna Institute Of Medical SciencesHealthcare Services | 0.83% | 0.56% |
| Gokaldas ExportsTextiles & Apparels | 2.15% | 0.51% |
| Kalpataru Projects InternationalConstruction | 0.45% | 0.61% |
| Sansera EngineeringAuto Components | 1.08% | 0.41% |
| City Union BankBanks | 1.82% | 0.38% |
| Blue StarConsumer Durables | 0.47% | 0.35% |
| Metropolis HealthcareHealthcare Services | 0.59% | 0.32% |
| Pine LabsFinancial Technology (Fintech) | 1.51% | 0.32% |
| JSW CementCement & Cement Products | 0.41% | 0.31% |
| Belrise IndustriesAuto Components | 1.69% | 0.27% |
| Leela Palaces Hotels & ResortsLeisure Services | 0.89% | 0.25% |
| PG ElectroplastConsumer Durables | 0.47% | 0.24% |
| Piramal FinanceFinance | 0.59% | 0.22% |
| CreditAccess GrameenFinance | 1.69% | 0.17% |
| Equitas Small Finance BankBanks | 0.64% | 0.12% |
| Venus Pipes & TubesIndustrial Products | 0.64% | 0.12% |
| Fineotex ChemicalChemicals & Petrochemicals | 1.89% | 0.09% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.