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9 of 300 unique stocks in common · Jaccard: 3%
A weighted portfolio overlap of 5.26% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹5.26 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Crompton Greaves Consumer Electricals, which commands a weight of 1.07% in Nippon India ELSS Tax Saver Fund and 1.29% in Nippon India Nifty Smallcap 250 Index Fund. Holding both schemes increases your concentration in Crompton Greaves Consumer Electricals 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 Nifty |
|---|---|---|
| Crompton Greaves Consumer ElectricalsConsumer Durables | 1.07% | 1.29% |
| Radico KhaitanBeverages | 1.31% | 0.86% |
| Angel OneCapital Markets | 0.81% | 0.90% |
| Cholamandalam Financial HoldingsFinance | 1.07% | 0.66% |
| PVR INOXEntertainment | 0.91% | 0.60% |
| NLC IndiaPower | 1.18% | 0.49% |
| KSBIndustrial Products | 1.96% | 0.30% |
| UTI Asset Management CompanyCapital Markets | 0.83% | 0.24% |
| KNR ConstructionsConstruction | 0.37% | 0.23% |
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.