Loading fund overlap…
13 of 74 unique stocks in common · Jaccard: 17.6%
A weighted portfolio overlap of 35.14% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.14 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.55% in Nippon India ELSS Tax Saver Fund and 8.03% in Nippon India Focused Equity Fund. Holding both schemes increases your concentration in ICICI 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 ELSS | in Nippon India Focused |
|---|---|---|
| ICICI BankBanks | 7.55% | 8.03% |
| HDFC BankBanks | 6.11% | 9.41% |
| InfosysIT - Software | 3.90% | 5.11% |
| Axis BankBanks | 3.79% | 7.36% |
| Reliance IndustriesPetroleum Products | 3.14% | 4.62% |
| State Bank of IndiaBanks | 3.49% | 2.60% |
| Coal IndiaConsumable Fuels | 1.73% | 2.23% |
| ITCDiversified FMCG | 1.63% | 5.84% |
| Cholamandalam Financial HoldingsFinance | 1.07% | 2.00% |
| 3M IndiaDiversified | 0.99% | 3.61% |
| Hero MotoCorpAutomobiles | 0.91% | 3.50% |
| PVR INOXEntertainment | 0.91% | 1.59% |
| Angel OneCapital Markets | 0.81% | 1.19% |
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.