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13 of 207 unique stocks in common · Jaccard: 6.3%
A weighted portfolio overlap of 30.92% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.92 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is Infosys, which commands a weight of 18.93% in Nippon India ETF Nifty 50 Shariah BeES and 7.13% in UTI Nifty500 Shariah Index Fund. Holding both schemes increases your concentration in Infosys 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 UTI |
|---|---|---|
| InfosysIT - Software | 18.93% | 7.13% |
| Tata Consultancy ServicesIT - Software | 14.45% | 4.04% |
| Hindustan UnileverDiversified FMCG | 7.44% | 3.35% |
| Ultratech CementCement & Cement Products | 4.30% | 2.38% |
| HCL TechnologiesIT - Software | 5.40% | 2.19% |
| Asian PaintsConsumer Durables | 4.84% | 2.11% |
| Oil & Natural Gas CorporationOil | 4.12% | 1.80% |
| Nestle IndiaFood Products | 3.34% | 1.78% |
| Tech MahindraIT - Software | 2.99% | 1.65% |
| CiplaPharmaceuticals & Biotechnology | 2.74% | 1.38% |
| Tata Consumer ProductsAgricultural Food & Other Products | 2.60% | 1.34% |
| Hero MotoCorpAutomobiles | 2.20% | 1.11% |
| LTIMindtreeIT - Software | 1.62% | 0.66% |
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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.