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33 of 152 unique stocks in common · Jaccard: 21.7%
A weighted portfolio overlap of 25.7% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.7 is allocated to the exact same companies at the same relative proportions. The schemes share 33 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 10.53% in UTI Nifty 50 ETF. 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 | in UTI |
|---|---|---|
| HDFC BankBanks | 5.61% | 10.53% |
| Reliance IndustriesPetroleum Products | 1.92% | 8.25% |
| NTPCPower | 1.64% | 1.70% |
| Larsen & ToubroConstruction | 1.45% | 4.42% |
| Bharat ElectronicsAerospace & Defense | 1.38% | 1.36% |
| State Bank of IndiaBanks | 1.35% | 3.70% |
| InfosysIT - Software | 1.28% | 3.76% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 4.21% | 1.23% |
| Tata Consultancy ServicesIT - Software | 1.12% | 2.13% |
| Hindustan UnileverDiversified FMCG | 1.11% | 1.77% |
| Coal IndiaConsumable Fuels | 1.60% | 0.96% |
| TrentRetailing | 0.93% | 0.87% |
| Adani EnterprisesMetals & Minerals Trading | 1.88% | 0.78% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.69% | 0.71% |
| HDFC Life Insurance CompanyInsurance | 1.17% | 0.59% |
| Tata Motors Passenger VehiclesAutomobiles | 0.52% | 0.76% |
| Bharti AirtelTelecom - Services | 0.47% | 5.19% |
| SBI Life Insurance CompanyInsurance | 0.46% | 0.76% |
| Axis BankBanks | 0.38% | 3.41% |
| Oil & Natural Gas CorporationOil | 0.38% | 0.95% |
| HCL TechnologiesIT - Software | 0.26% | 1.15% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.23% | 0.78% |
| JSW SteelFerrous Metals | 0.19% | 1.11% |
| ITCDiversified FMCG | 0.18% | 2.56% |
| Ultratech CementCement & Cement Products | 0.16% | 1.26% |
| Hindalco IndustriesNon - Ferrous Metals | 0.15% | 1.51% |
| Power Grid Corporation of IndiaPower | 0.13% | 1.22% |
| Tata SteelFerrous Metals | 0.10% | 1.59% |
| CiplaPharmaceuticals & Biotechnology | 0.06% | 0.73% |
| Bajaj FinservFinance | 0.03% | 0.95% |
| Tech MahindraIT - Software | 0.02% | 0.87% |
| Asian PaintsConsumer Durables | 0.01% | 1.12% |
| Mahindra & MahindraAutomobiles | 0.01% | 2.52% |
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.