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22 of 94 unique stocks in common · Jaccard: 23.4%
A weighted portfolio overlap of 45.24% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹45.24 is allocated to the exact same companies at the same relative proportions. The schemes share 22 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 7.44% in Nippon India Retirement Fund - Wealth Creation Scheme. 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 Retirement |
|---|---|---|
| ICICI BankBanks | 7.55% | 7.44% |
| HDFC BankBanks | 6.11% | 6.15% |
| Axis BankBanks | 3.79% | 3.63% |
| Reliance IndustriesPetroleum Products | 3.14% | 6.64% |
| Larsen & ToubroConstruction | 2.83% | 3.20% |
| State Bank of IndiaBanks | 3.49% | 2.67% |
| NTPCPower | 3.79% | 2.47% |
| InfosysIT - Software | 3.90% | 2.30% |
| ICICI Lombard General Insurance CompanyInsurance | 1.72% | 1.94% |
| Samvardhana Motherson InternationalAuto Components | 2.70% | 1.49% |
| Ultratech CementCement & Cement Products | 1.44% | 1.45% |
| EternalRetailing | 1.35% | 2.19% |
| Power Finance CorporationFinance | 2.37% | 1.32% |
| United BreweriesBeverages | 1.09% | 1.45% |
| SBI Life Insurance CompanyInsurance | 1.40% | 1.05% |
| Tata Consultancy ServicesIT - Software | 1.02% | 3.62% |
| Gland PharmaPharmaceuticals & Biotechnology | 1.26% | 1.00% |
| PVR INOXEntertainment | 0.91% | 0.99% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 1.07% | 0.72% |
| Carborundum UniversalIndustrial Products | 0.57% | 1.04% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.50% | 1.06% |
| BSECapital Markets | 0.47% | 1.35% |
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.