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8 of 53 unique stocks in common · Jaccard: 15.1%
A weighted portfolio overlap of 27.98% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.98 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 HDFC Bank, which commands a weight of 18.28% in Nippon India Banking & Financial Services Fund and 7.48% in Nippon India Quant 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 Banking | in Nippon India Quant |
|---|---|---|
| HDFC BankBanks | 18.28% | 7.48% |
| ICICI BankBanks | 16.43% | 7.19% |
| State Bank of IndiaBanks | 6.20% | 3.15% |
| IndusInd BankBanks | 3.36% | 2.30% |
| Power Finance CorporationFinance | 2.29% | 2.66% |
| Bajaj FinanceFinance | 2.14% | 3.13% |
| Canara BankBanks | 1.83% | 2.27% |
| LIC Housing FinanceFinance | 2.35% | 1.60% |
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.