Loading fund overlap…
30 of 87 unique stocks in common · Jaccard: 34.5%
A weighted portfolio overlap of 52.09% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹52.09 is allocated to the exact same companies at the same relative proportions. The schemes share 30 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 6.47% in Nippon India Large Cap 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 Large |
|---|---|---|
| ICICI BankBanks | 7.55% | 6.47% |
| HDFC BankBanks | 6.11% | 9.31% |
| Axis BankBanks | 3.79% | 4.46% |
| State Bank of IndiaBanks | 3.49% | 6.04% |
| InfosysIT - Software | 3.90% | 3.32% |
| Reliance IndustriesPetroleum Products | 3.14% | 7.30% |
| NTPCPower | 3.79% | 2.99% |
| Larsen & ToubroConstruction | 2.83% | 3.71% |
| The Indian Hotels CompanyLeisure Services | 1.93% | 1.77% |
| Tata Motors Passenger VehiclesAutomobiles | 1.96% | 1.74% |
| ITCDiversified FMCG | 1.63% | 5.84% |
| Tata Power CompanyPower | 1.59% | 3.27% |
| EternalRetailing | 1.35% | 1.71% |
| ICICI Lombard General Insurance CompanyInsurance | 1.72% | 1.11% |
| SBI Life Insurance CompanyInsurance | 1.40% | 1.10% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.36% | 0.89% |
| Coal IndiaConsumable Fuels | 1.73% | 0.87% |
| Samvardhana Motherson InternationalAuto Components | 2.70% | 0.85% |
| Tata Consumer ProductsAgricultural Food & Other Products | 1.00% | 0.85% |
| Union Bank of IndiaBanks | 0.92% | 0.82% |
| Hero MotoCorpAutomobiles | 0.91% | 0.79% |
| Jindal SteelFerrous Metals | 1.65% | 0.71% |
| Linde IndiaChemicals & Petrochemicals | 2.21% | 0.68% |
| Ultratech CementCement & Cement Products | 1.44% | 0.57% |
| Gland PharmaPharmaceuticals & Biotechnology | 1.26% | 0.55% |
| PVR INOXEntertainment | 0.91% | 0.50% |
| RECFinance | 1.70% | 0.49% |
| Max Financial ServicesInsurance | 1.42% | 0.47% |
| 3M IndiaDiversified | 0.99% | 0.35% |
| United BreweriesBeverages | 1.09% | 0.27% |
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.