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18 of 62 unique stocks in common · Jaccard: 29%
A weighted portfolio overlap of 31.78% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.78 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 ICICI Bank, which commands a weight of 8.11% in Nippon India ETF Nifty 50 Bees and 3.99% in Nippon India Nifty Alpha Low Volatility30IndexFund. Holding both schemes increases your concentration in ICICI 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 Nifty |
|---|---|---|
| ICICI BankBanks | 8.11% | 3.99% |
| Larsen & ToubroConstruction | 4.27% | 3.60% |
| Bharti AirtelTelecom - Services | 3.45% | 4.17% |
| ITCDiversified FMCG | 3.88% | 3.20% |
| Axis BankBanks | 3.32% | 2.85% |
| NTPCPower | 1.73% | 3.90% |
| Maruti Suzuki IndiaAutomobiles | 1.70% | 4.30% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.63% | 4.25% |
| Titan CompanyConsumer Durables | 1.50% | 3.15% |
| Ultratech CementCement & Cement Products | 1.15% | 3.07% |
| Oil & Natural Gas CorporationOil | 1.11% | 3.81% |
| Coal IndiaConsumable Fuels | 1.04% | 3.25% |
| Bajaj AutoAutomobiles | 1.01% | 4.53% |
| Nestle IndiaFood Products | 0.90% | 3.38% |
| Grasim IndustriesCement & Cement Products | 0.89% | 3.40% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 0.76% | 3.41% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.70% | 3.15% |
| Britannia IndustriesFood Products | 0.57% | 2.93% |
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.