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19 of 164 unique stocks in common · Jaccard: 11.6%
A weighted portfolio overlap of 23.33% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.33 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.56% in Lic Mf Multi Cap Fund and 3.12% 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 Lic | in Nippon |
|---|---|---|
| ICICI BankBanks | 3.56% | 3.12% |
| HDFC BankBanks | 2.70% | 6.64% |
| Axis BankBanks | 2.11% | 5.14% |
| Mahindra & MahindraAutomobiles | 1.45% | 1.56% |
| Tata Consultancy ServicesIT - Software | 1.46% | 1.41% |
| Samvardhana Motherson InternationalAuto Components | 1.32% | 1.77% |
| State Bank of IndiaBanks | 1.43% | 1.30% |
| GE Vernova T&D IndiaElectrical Equipment | 1.21% | 1.72% |
| Max Financial ServicesInsurance | 1.09% | 1.72% |
| EternalRetailing | 1.72% | 1.05% |
| Kennametal IndiaIndustrial Manufacturing | 1.01% | 1.43% |
| EIHLeisure Services | 0.99% | 1.02% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.71% | 0.94% |
| PB FintechFinancial Technology (Fintech) | 1.55% | 0.89% |
| Abbott IndiaPharmaceuticals & Biotechnology | 1.45% | 0.67% |
| Gillette IndiaPersonal Products | 0.68% | 0.58% |
| LG Electronics IndiaConsumer Durables | 1.44% | 0.54% |
| Schneider Electric InfrastructureElectrical Equipment | 1.32% | 0.49% |
| Interglobe AviationTransport Services | 1.56% | 0.46% |
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.