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27 of 108 unique stocks in common · Jaccard: 25%
A weighted portfolio overlap of 45.19% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹45.19 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 HDFC Bank, which commands a weight of 9.22% in Nippon India ETF Nifty 100 and 7.48% in Nippon India Quant 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 ETF | in Nippon India Quant |
|---|---|---|
| HDFC BankBanks | 9.22% | 7.48% |
| ICICI BankBanks | 6.51% | 7.19% |
| Reliance IndustriesPetroleum Products | 8.00% | 4.10% |
| Larsen & ToubroConstruction | 3.43% | 4.62% |
| Tata Consultancy ServicesIT - Software | 3.12% | 4.06% |
| ITCDiversified FMCG | 3.11% | 3.63% |
| State Bank of IndiaBanks | 2.56% | 3.15% |
| InfosysIT - Software | 4.09% | 1.80% |
| Bajaj FinanceFinance | 1.55% | 3.13% |
| Tata Motors Passenger VehiclesAutomobiles | 1.43% | 4.16% |
| NTPCPower | 1.39% | 3.46% |
| EternalRetailing | 0.91% | 2.15% |
| Oil & Natural Gas CorporationOil | 0.89% | 1.80% |
| Coal IndiaConsumable Fuels | 0.84% | 2.67% |
| Bajaj AutoAutomobiles | 0.81% | 3.27% |
| IndusInd BankBanks | 0.81% | 2.30% |
| Hindustan AeronauticsAerospace & Defense | 0.59% | 3.75% |
| Power Finance CorporationFinance | 0.52% | 2.66% |
| RECFinance | 0.51% | 1.77% |
| Indian Oil CorporationPetroleum Products | 0.50% | 1.74% |
| DLFRealty | 0.46% | 2.12% |
| GAIL (India)Gas | 0.45% | 2.16% |
| TVS Motor CompanyAutomobiles | 0.39% | 1.63% |
| Canara BankBanks | 0.34% | 2.27% |
| Colgate Palmolive (India)Personal Products | 0.30% | 1.79% |
| BoschAuto Components | 0.20% | 1.75% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 0.19% | 1.76% |
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.