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8 of 113 unique stocks in common · Jaccard: 7.1%
A weighted portfolio overlap of 11.31% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.31 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is Power Finance Corporation, which commands a weight of 2.29% in Nippon India Banking & Financial Services Fund and 3.46% in Nippon India Growth Fund. Holding both schemes increases your concentration in Power Finance Corporation 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 Growth |
|---|---|---|
| Power Finance CorporationFinance | 2.29% | 3.46% |
| Cholamandalam Financial HoldingsFinance | 2.23% | 2.46% |
| Max Financial ServicesInsurance | 2.39% | 1.92% |
| The Federal BankBanks | 4.14% | 1.88% |
| Angel OneCapital Markets | 1.20% | 1.44% |
| Axis BankBanks | 9.34% | 0.91% |
| ICICI Lombard General Insurance CompanyInsurance | 1.67% | 0.49% |
| One 97 CommunicationsFinancial Technology (Fintech) | 0.44% | 0.39% |
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.