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24 of 177 unique stocks in common · Jaccard: 13.6%
A weighted portfolio overlap of 29.02% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.02 is allocated to the exact same companies at the same relative proportions. The schemes share 24 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.28% in Mirae Asset Multicap Fund and 6.64% 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 | 5.28% | 6.64% |
| Axis BankBanks | 3.40% | 5.14% |
| ICICI BankBanks | 3.79% | 3.12% |
| SwiggyRetailing | 1.88% | 1.76% |
| Reliance IndustriesPetroleum Products | 2.20% | 1.72% |
| Larsen & ToubroConstruction | 1.54% | 1.79% |
| Tata Consultancy ServicesIT - Software | 1.28% | 1.41% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.31% | 1.12% |
| Sai Life SciencesPharmaceuticals & Biotechnology | 1.53% | 1.03% |
| Dixon Technologies (India)Consumer Durables | 1.67% | 1.00% |
| Tata Power CompanyPower | 1.24% | 1.00% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.79% | 0.94% |
| LupinPharmaceuticals & Biotechnology | 1.84% | 0.74% |
| ITCDiversified FMCG | 0.73% | 1.27% |
| Gland PharmaPharmaceuticals & Biotechnology | 2.28% | 0.61% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 2.05% | 0.56% |
| Container Corporation of IndiaTransport Services | 0.92% | 0.55% |
| Multi Commodity Exchange Of IndiaCapital Markets | 0.54% | 0.96% |
| DelhiveryTransport Services | 2.71% | 0.47% |
| Syngene InternationalHealthcare Services | 0.73% | 0.47% |
| Interglobe AviationTransport Services | 0.84% | 0.46% |
| 3M IndiaDiversified | 1.11% | 0.33% |
| State Bank of IndiaBanks | 0.29% | 1.30% |
| Teamlease ServicesCommercial Services & Supplies | 0.76% | 0.22% |
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.