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18 of 128 unique stocks in common · Jaccard: 14.1%
A weighted portfolio overlap of 27% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.21% in Nippon India Equity Savings Fund and 6.08% in Nippon India Multi Cap 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 Equity | in Nippon India Multi |
|---|---|---|
| HDFC BankBanks | 6.21% | 6.08% |
| Axis BankBanks | 3.58% | 3.17% |
| Reliance IndustriesPetroleum Products | 4.88% | 2.79% |
| ICICI BankBanks | 2.46% | 3.66% |
| Larsen & ToubroConstruction | 6.19% | 2.24% |
| ITCDiversified FMCG | 2.62% | 1.92% |
| HCL TechnologiesIT - Software | 2.16% | 1.16% |
| State Bank of IndiaBanks | 1.05% | 2.49% |
| InfosysIT - Software | 1.21% | 1.02% |
| Aditya Birla Fashion and RetailRetailing | 0.91% | 1.49% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.53% | 0.76% |
| Tata Motors Passenger VehiclesAutomobiles | 0.93% | 0.76% |
| NTPCPower | 0.67% | 2.20% |
| Canara BankBanks | 1.40% | 0.63% |
| Mahindra & MahindraAutomobiles | 0.63% | 0.57% |
| Max Financial ServicesInsurance | 0.37% | 2.32% |
| Tata SteelFerrous Metals | 2.79% | 0.24% |
| HDFC Life Insurance CompanyInsurance | 0.20% | 0.38% |
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.