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4 of 79 unique stocks in common · Jaccard: 5.1%
A weighted portfolio overlap of 9.08% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.08 is allocated to the exact same companies at the same relative proportions. The schemes share 4 common holdings.
The largest overlapping asset in their portfolios is Larsen & Toubro, which commands a weight of 4.75% in Mirae Asset BSE India Defence ETF and 4.42% in UTI Nifty 50 ETF. Holding both schemes increases your concentration in Larsen & Toubro 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 UTI |
|---|---|---|
| Larsen & ToubroConstruction | 4.75% | 4.42% |
| Mahindra & MahindraAutomobiles | 4.28% | 2.52% |
| Bharat ElectronicsAerospace & Defense | 12.13% | 1.36% |
| Adani EnterprisesMetals & Minerals Trading | 5.10% | 0.78% |
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.