How much do Nippon India ETF Nifty Bank Bees and Nippon India Nifty Bank Index Fund overlap?

They share 12 common holdings, a weighted portfolio overlap of about 99.79% (extreme overlap — near-identical portfolios), as on Apr 2024. Information only, not investment advice.

What does 99.79% overlap mean?

Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Fund overlap

Nippon India ETF Nifty Bank Bees vs Nippon India Nifty Bank Index Fund

Nippon India MF · ETFNippon India MF · Index Fund· as on Apr 2024

Weighted portfolio overlap

99.79%

Extreme overlap

Common

Only Nippon India ETF

Only Nippon India Nifty

12 of 12 unique stocks in common · Jaccard: 100%

Common holdings

Stock	in Nippon India ETF	in Nippon India Nifty
HDFC BankBanks	29.03%	28.98%
ICICI BankBanks	23.81%	23.77%
Axis BankBanks	9.76%	9.74%
State Bank of IndiaBanks	9.57%	9.55%
Kotak Mahindra BankBanks	7.90%	7.89%
IndusInd BankBanks	6.44%	6.43%
Bank of BarodaBanks	3.37%	3.36%
Punjab National BankBanks	2.69%	2.69%
The Federal BankBanks	2.34%	2.34%
IDFC First BankBanks	2.09%	2.09%
AU Small Finance BankBanks	1.96%	1.96%
Bandhan BankBanks	0.99%	0.99%

FAQ

How much do Nippon India ETF Nifty Bank Bees and Nippon India Nifty Bank Index Fund overlap?: They share 12 common holdings, a weighted portfolio overlap of about 99.79% (extreme overlap — near-identical portfolios), as on Apr 2024. Information only, not investment advice.
What does 99.79% overlap mean?: Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Related comparisons

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.