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27 of 123 unique stocks in common · Jaccard: 22%
A weighted portfolio overlap of 28.8% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.8 is allocated to the exact same companies at the same relative proportions. The schemes share 27 common holdings.
The largest overlapping asset in their portfolios is Infosys, which commands a weight of 4.09% in Nippon India ETF Nifty 100 and 9.02% in Nippon India ETF Nifty Dividend Opportunities 50. Holding both schemes increases your concentration in Infosys 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 ETF Nifty 100 | in Nippon India ETF Nifty Dividend |
|---|---|---|
| InfosysIT - Software | 4.09% | 9.02% |
| Tata Consultancy ServicesIT - Software | 3.12% | 9.36% |
| ITCDiversified FMCG | 3.11% | 9.74% |
| State Bank of IndiaBanks | 2.56% | 8.15% |
| Hindustan UnileverDiversified FMCG | 1.61% | 5.12% |
| NTPCPower | 1.39% | 4.43% |
| HCL TechnologiesIT - Software | 1.17% | 3.72% |
| Power Grid Corporation of IndiaPower | 1.11% | 3.53% |
| Tata SteelFerrous Metals | 1.10% | 3.49% |
| Oil & Natural Gas CorporationOil | 0.89% | 2.83% |
| Coal IndiaConsumable Fuels | 0.84% | 2.66% |
| Bajaj AutoAutomobiles | 0.81% | 2.59% |
| Bharat ElectronicsAerospace & Defense | 0.68% | 2.15% |
| Tech MahindraIT - Software | 0.65% | 2.06% |
| Shriram FinanceFinance | 0.57% | 1.82% |
| Power Finance CorporationFinance | 0.52% | 1.65% |
| RECFinance | 0.51% | 1.61% |
| Indian Oil CorporationPetroleum Products | 0.50% | 1.59% |
| Hero MotoCorpAutomobiles | 0.48% | 1.52% |
| Bharat Petroleum CorporationPetroleum Products | 0.47% | 1.49% |
| Britannia IndustriesFood Products | 0.45% | 1.45% |
| GAIL (India)Gas | 0.45% | 1.45% |
| VedantaDiversified Metals | 0.43% | 1.37% |
| Bank of BarodaBanks | 0.42% | 1.35% |
| Canara BankBanks | 0.34% | 1.07% |
| Colgate Palmolive (India)Personal Products | 0.30% | 0.97% |
| Indian Railway Finance CorporationFinance | 0.23% | 0.74% |
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.