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7 of 44 unique stocks in common · Jaccard: 15.9%
A weighted portfolio overlap of 22.21% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.21 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Oil & Natural Gas Corporation, which commands a weight of 4.12% in Nippon India ETF Nifty 50 Shariah BeES and 3.81% in Nippon India Nifty Alpha Low Volatility30IndexFund. Holding both schemes increases your concentration in Oil & Natural Gas Corporation 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 |
|---|---|---|
| Oil & Natural Gas CorporationOil | 4.12% | 3.81% |
| Nestle IndiaFood Products | 3.34% | 3.38% |
| Grasim IndustriesCement & Cement Products | 3.32% | 3.40% |
| Coal IndiaConsumable Fuels | 3.87% | 3.25% |
| Ultratech CementCement & Cement Products | 4.30% | 3.07% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 2.82% | 3.41% |
| Tata Consumer ProductsAgricultural Food & Other Products | 2.60% | 3.15% |
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.