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19 of 175 unique stocks in common · Jaccard: 10.9%
A weighted portfolio overlap of 27.54% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.54 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 HDFC Bank, which commands a weight of 5.47% in Mirae Asset Flexi Cap Fund and 6.08% in Nippon India Multi Cap Fund. Holding both schemes increases your concentration in HDFC 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 Mirae | in Nippon |
|---|---|---|
| HDFC BankBanks | 5.47% | 6.08% |
| ICICI BankBanks | 5.11% | 3.66% |
| Reliance IndustriesPetroleum Products | 4.23% | 2.79% |
| State Bank of IndiaBanks | 2.53% | 2.49% |
| Larsen & ToubroConstruction | 2.27% | 2.24% |
| Axis BankBanks | 2.13% | 3.17% |
| NTPCPower | 1.09% | 2.20% |
| InfosysIT - Software | 1.86% | 1.02% |
| ITCDiversified FMCG | 1.01% | 1.92% |
| EternalRetailing | 0.96% | 1.33% |
| The Indian Hotels CompanyLeisure Services | 0.69% | 1.99% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.63% | 0.76% |
| Mahindra & MahindraAutomobiles | 1.74% | 0.57% |
| Tata Motors Passenger VehiclesAutomobiles | 0.55% | 0.76% |
| CG Power and Industrial SolutionsElectrical Equipment | 1.71% | 0.55% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.54% | 0.52% |
| LupinPharmaceuticals & Biotechnology | 1.38% | 0.49% |
| Narayana HrudayalayaHealthcare Services | 1.08% | 0.36% |
| TrentRetailing | 0.31% | 1.01% |
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.