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17 of 368 unique stocks in common · Jaccard: 4.6%
A weighted portfolio overlap of 4.71% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹4.71 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is National Aluminium Company, which commands a weight of 0.76% in Nippon India Arbitrage Fund and 1.05% in Nippon India Nifty Smallcap 250 Index Fund. Holding both schemes increases your concentration in National Aluminium Company 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 Nifty |
|---|---|---|
| National Aluminium CompanyNon - Ferrous Metals | 0.76% | 1.05% |
| RBL BankBanks | 0.71% | 0.98% |
| Glenmark PharmaceuticalsPharmaceuticals & Biotechnology | 0.57% | 0.99% |
| Manappuram FinanceFinance | 0.57% | 0.68% |
| BirlasoftIT - Software | 0.48% | 0.66% |
| IDFCFinance | 0.32% | 1.01% |
| Granules IndiaPharmaceuticals & Biotechnology | 0.29% | 0.36% |
| Gujarat Narmada Valley Fertilizers and ChemicalsChemicals & Petrochemicals | 0.18% | 0.37% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.17% | 1.29% |
| The India CementsCement & Cement Products | 0.23% | 0.17% |
| Aarti IndustriesChemicals & Petrochemicals | 0.12% | 0.93% |
| Hindustan CopperNon - Ferrous Metals | 0.12% | 0.80% |
| City Union BankBanks | 0.10% | 0.72% |
| Balrampur Chini MillsAgricultural Food & Other Products | 0.06% | 0.29% |
| Chambal Fertilizers & ChemicalsFertilizers & Agrochemicals | 0.05% | 0.41% |
| Mahanagar GasGas | 0.03% | 0.51% |
| Indian Energy ExchangeCapital Markets | 0.01% | 0.74% |
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.