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11 of 67 unique stocks in common · Jaccard: 16.4%
A weighted portfolio overlap of 40.01% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.01 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 11.48% in Nippon India ETF Nifty 50 Bees and 9.41% in Nippon India Focused Equity 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 Focused |
|---|---|---|
| HDFC BankBanks | 11.48% | 9.41% |
| ICICI BankBanks | 8.11% | 8.03% |
| InfosysIT - Software | 5.09% | 5.11% |
| Reliance IndustriesPetroleum Products | 9.96% | 4.62% |
| ITCDiversified FMCG | 3.88% | 5.84% |
| Axis BankBanks | 3.32% | 7.36% |
| State Bank of IndiaBanks | 3.18% | 2.60% |
| Coal IndiaConsumable Fuels | 1.04% | 2.23% |
| Tech MahindraIT - Software | 0.81% | 2.06% |
| HDFC Life Insurance CompanyInsurance | 0.62% | 2.24% |
| Hero MotoCorpAutomobiles | 0.59% | 3.50% |
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.