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14 of 95 unique stocks in common · Jaccard: 14.7%
A weighted portfolio overlap of 21.95% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.95 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is Infosys, which commands a weight of 3.90% in Nippon India ELSS Tax Saver Fund and 9.02% in Nippon India ETF Nifty Dividend Opportunities 50. Holding both schemes increases your concentration in Infosys 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 ELSS | in Nippon India ETF |
|---|---|---|
| InfosysIT - Software | 3.90% | 9.02% |
| NTPCPower | 3.79% | 4.43% |
| State Bank of IndiaBanks | 3.49% | 8.15% |
| Coal IndiaConsumable Fuels | 1.73% | 2.66% |
| Power Finance CorporationFinance | 2.37% | 1.65% |
| ITCDiversified FMCG | 1.63% | 9.74% |
| RECFinance | 1.70% | 1.61% |
| Tata Consultancy ServicesIT - Software | 1.02% | 9.36% |
| Hero MotoCorpAutomobiles | 0.91% | 1.52% |
| Union Bank of IndiaBanks | 0.92% | 0.76% |
| BSECapital Markets | 0.47% | 0.97% |
| Angel OneCapital Markets | 0.81% | 0.37% |
| Oil & Natural Gas CorporationOil | 0.34% | 2.83% |
| Piramal EnterprisesFinance | 0.80% | 0.28% |
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.