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7 of 276 unique stocks in common · Jaccard: 2.5%
A weighted portfolio overlap of 2.37% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹2.37 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Cochin Shipyard, which commands a weight of 3.78% in Mirae Asset BSE India Defence ETF and 0.58% in Nippon India Nifty Smallcap 250 Index Fund. Holding both schemes increases your concentration in Cochin Shipyard 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 Mirae | in Nippon |
|---|---|---|
| Cochin ShipyardIndustrial Manufacturing | 3.78% | 0.58% |
| Data Patterns (India)Aerospace & Defense | 3.66% | 0.45% |
| Ramkrishna ForgingsAuto Components | 0.38% | 0.48% |
| HBL EngineeringIndustrial Products | 0.61% | 0.37% |
| MTAR TechnologiesElectrical Equipment | 5.10% | 0.23% |
| Jk PaperPaper, Forest & Jute Products | 0.18% | 0.18% |
| Garden Reach Shipbuilders & EngineersAerospace & Defense | 2.32% | 0.18% |
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.