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11 of 222 unique stocks in common · Jaccard: 5%
A weighted portfolio overlap of 5.7% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹5.7 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 1.33% in Nippon India Consumption Fund and 1.85% in Nippon India Small Cap 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 Consumption | in Nippon India Small |
|---|---|---|
| HDFC BankBanks | 1.33% | 1.85% |
| Tata Consumer ProductsAgricultural Food & Other Products | 3.60% | 0.76% |
| VoltasConsumer Durables | 3.12% | 0.73% |
| Zydus WellnessFood Products | 1.36% | 0.73% |
| Sapphire Foods IndiaLeisure Services | 1.89% | 0.52% |
| The Indian Hotels CompanyLeisure Services | 0.97% | 0.47% |
| EternalRetailing | 2.74% | 0.42% |
| Aditya Birla Fashion and RetailRetailing | 1.03% | 0.40% |
| Page IndustriesTextiles & Apparels | 2.76% | 0.16% |
| Eicher MotorsAutomobiles | 3.59% | 0.09% |
| Westlife FoodworldLeisure Services | 1.11% | 0.09% |
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.