Loading fund overlap…
11 of 93 unique stocks in common · Jaccard: 11.8%
A weighted portfolio overlap of 13.45% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.45 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 Bharti Airtel, which commands a weight of 9.02% in Nippon India Consumption Fund and 2.84% in Nippon India Value Fund. Holding both schemes increases your concentration in Bharti Airtel 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 Value |
|---|---|---|
| Bharti AirtelTelecom - Services | 9.02% | 2.84% |
| Mahindra & MahindraAutomobiles | 4.20% | 1.65% |
| VoltasConsumer Durables | 3.12% | 1.41% |
| HDFC BankBanks | 1.33% | 5.94% |
| Electronics Mart IndiaRetailing | 1.17% | 1.42% |
| Aditya Birla Fashion and RetailRetailing | 1.03% | 1.33% |
| ITCDiversified FMCG | 6.54% | 1.01% |
| Page IndustriesTextiles & Apparels | 2.76% | 1.00% |
| Bajaj AutoAutomobiles | 3.88% | 0.86% |
| Somany CeramicsConsumer Durables | 2.16% | 0.64% |
| Maruti Suzuki IndiaAutomobiles | 5.67% | 0.51% |
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.