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29 of 165 unique stocks in common · Jaccard: 17.6%
A weighted portfolio overlap of 24.8% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.8 is allocated to the exact same companies at the same relative proportions. The schemes share 29 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.61% in Nippon India Arbitrage Fund and 6.11% in Nippon India ELSS Tax Saver 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 Nippon India Arbitrage | in Nippon India ELSS |
|---|---|---|
| HDFC BankBanks | 5.61% | 6.11% |
| Reliance IndustriesPetroleum Products | 1.92% | 3.14% |
| NTPCPower | 1.64% | 3.79% |
| Coal IndiaConsumable Fuels | 1.60% | 1.73% |
| Larsen & ToubroConstruction | 1.45% | 2.83% |
| State Bank of IndiaBanks | 1.35% | 3.49% |
| InfosysIT - Software | 1.28% | 3.90% |
| Ambuja CementsCement & Cement Products | 1.15% | 1.12% |
| Tata Consultancy ServicesIT - Software | 1.12% | 1.02% |
| Power Finance CorporationFinance | 0.96% | 2.37% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.69% | 1.00% |
| Piramal EnterprisesFinance | 0.61% | 0.80% |
| United SpiritsBeverages | 0.60% | 1.34% |
| Samvardhana Motherson InternationalAuto Components | 0.59% | 2.70% |
| RECFinance | 0.52% | 1.70% |
| Tata Motors Passenger VehiclesAutomobiles | 0.52% | 1.96% |
| SBI Life Insurance CompanyInsurance | 0.46% | 1.40% |
| Jindal SteelFerrous Metals | 0.44% | 1.65% |
| Max Financial ServicesInsurance | 0.41% | 1.42% |
| Tata Power CompanyPower | 0.40% | 1.59% |
| Axis BankBanks | 0.38% | 3.79% |
| Oil & Natural Gas CorporationOil | 0.38% | 0.34% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.23% | 0.50% |
| ITCDiversified FMCG | 0.18% | 1.63% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.17% | 1.07% |
| Ultratech CementCement & Cement Products | 0.16% | 1.44% |
| ICICI Lombard General Insurance CompanyInsurance | 0.07% | 1.72% |
| AstralIndustrial Products | 0.05% | 0.57% |
| Hero MotoCorpAutomobiles | 0.03% | 0.91% |
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 Apr 2024). Equity holdings only, ISIN-verified. Not investment advice.