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5 of 71 unique stocks in common · Jaccard: 7%
A weighted portfolio overlap of 9.81% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.81 is allocated to the exact same companies at the same relative proportions. The schemes share 5 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 6.20% in Nippon India Banking & Financial Services Fund and 8.15% in Nippon India ETF Nifty Dividend Opportunities 50. Holding both schemes increases your concentration in State Bank of India 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 Banking | in Nippon India ETF |
|---|---|---|
| State Bank of IndiaBanks | 6.20% | 8.15% |
| Power Finance CorporationFinance | 2.29% | 1.65% |
| Canara BankBanks | 1.83% | 1.07% |
| LIC Housing FinanceFinance | 2.35% | 0.52% |
| Angel OneCapital Markets | 1.20% | 0.37% |
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.