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23 of 109 unique stocks in common · Jaccard: 21.1%
A weighted portfolio overlap of 40.79% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.79 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.11% in Nippon India ELSS Tax Saver Fund and 5.94% in Nippon India Value Fund. Holding both schemes increases your concentration in HDFC 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 Value |
|---|---|---|
| HDFC BankBanks | 6.11% | 5.94% |
| ICICI BankBanks | 7.55% | 5.47% |
| NTPCPower | 3.79% | 3.35% |
| InfosysIT - Software | 3.90% | 3.21% |
| Larsen & ToubroConstruction | 2.83% | 3.24% |
| Reliance IndustriesPetroleum Products | 3.14% | 2.57% |
| Tata Motors Passenger VehiclesAutomobiles | 1.96% | 1.88% |
| State Bank of IndiaBanks | 3.49% | 1.84% |
| Jindal SteelFerrous Metals | 1.65% | 1.78% |
| Max Financial ServicesInsurance | 1.42% | 2.13% |
| Coal IndiaConsumable Fuels | 1.73% | 1.21% |
| SBI Life Insurance CompanyInsurance | 1.40% | 1.15% |
| NLC IndiaPower | 1.18% | 1.08% |
| Cholamandalam Financial HoldingsFinance | 1.07% | 1.09% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 1.07% | 1.02% |
| ITCDiversified FMCG | 1.63% | 1.01% |
| UTI Asset Management CompanyCapital Markets | 0.83% | 1.00% |
| Angel OneCapital Markets | 0.81% | 2.11% |
| Hero MotoCorpAutomobiles | 0.91% | 0.74% |
| Axis BankBanks | 3.79% | 0.64% |
| Power Finance CorporationFinance | 2.37% | 0.51% |
| Oil & Natural Gas CorporationOil | 0.34% | 3.27% |
| Gland PharmaPharmaceuticals & Biotechnology | 1.26% | 0.22% |
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.