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40 of 112 unique stocks in common · Jaccard: 35.7%
A weighted portfolio overlap of 27.78% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.78 is allocated to the exact same companies at the same relative proportions. The schemes share 40 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 9.96% in Nippon India ETF Nifty 50 Bees and 8.47% in NJ Balanced Advantage Fund. Holding both schemes increases your concentration in Reliance Industries 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 | in NJ |
|---|---|---|
| Reliance IndustriesPetroleum Products | 9.96% | 8.47% |
| HDFC BankBanks | 11.48% | 1.69% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.63% | 1.45% |
| HCL TechnologiesIT - Software | 1.45% | 3.44% |
| InfosysIT - Software | 5.09% | 1.32% |
| Asian PaintsConsumer Durables | 1.30% | 1.26% |
| Tata Consultancy ServicesIT - Software | 3.89% | 1.20% |
| ITCDiversified FMCG | 3.88% | 1.17% |
| Coal IndiaConsumable Fuels | 1.04% | 3.21% |
| Bajaj AutoAutomobiles | 1.01% | 3.05% |
| Nestle IndiaFood Products | 0.90% | 1.15% |
| Tech MahindraIT - Software | 0.81% | 1.52% |
| Eicher MotorsAutomobiles | 0.63% | 2.05% |
| Hero MotoCorpAutomobiles | 0.59% | 3.17% |
| Britannia IndustriesFood Products | 0.57% | 2.56% |
| State Bank of IndiaBanks | 3.18% | 0.57% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.51% | 1.89% |
| ICICI BankBanks | 8.11% | 0.44% |
| Axis BankBanks | 3.32% | 0.34% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.60% | 0.30% |
| Kotak Mahindra BankBanks | 2.40% | 0.30% |
| Adani EnterprisesMetals & Minerals Trading | 0.80% | 0.28% |
| Hindustan UnileverDiversified FMCG | 2.00% | 0.27% |
| LTIMindtreeIT - Software | 0.43% | 0.23% |
| Power Grid Corporation of IndiaPower | 1.38% | 0.21% |
| Larsen & ToubroConstruction | 4.27% | 0.18% |
| Titan CompanyConsumer Durables | 1.50% | 0.17% |
| SBI Life Insurance CompanyInsurance | 0.65% | 0.13% |
| Tata Motors Passenger VehiclesAutomobiles | 1.78% | 0.09% |
| Bharti AirtelTelecom - Services | 3.45% | 0.05% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.98% | 0.04% |
| HDFC Life Insurance CompanyInsurance | 0.62% | 0.03% |
| Tata SteelFerrous Metals | 1.36% | 0.03% |
| CiplaPharmaceuticals & Biotechnology | 0.74% | 0.01% |
| Mahindra & MahindraAutomobiles | 2.07% | 0.01% |
| Bharat Petroleum CorporationPetroleum Products | 0.58% | 0.00% |
| NTPCPower | 1.73% | 0.00% |
| Hindalco IndustriesNon - Ferrous Metals | 0.94% | 0.00% |
| Grasim IndustriesCement & Cement Products | 0.89% | 0.00% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.70% | 0.00% |
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 Aug 2025). Equity holdings only, ISIN-verified. Not investment advice.