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19 of 104 unique stocks in common · Jaccard: 18.3%
A weighted portfolio overlap of 24.25% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.25 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is NTPC, which commands a weight of 4.43% in Nippon India ETF Nifty Dividend Opportunities 50 and 3.35% in Nippon India Value Fund. Holding both schemes increases your concentration in NTPC 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 Value |
|---|---|---|
| NTPCPower | 4.43% | 3.35% |
| InfosysIT - Software | 9.02% | 3.21% |
| Oil & Natural Gas CorporationOil | 2.83% | 3.27% |
| State Bank of IndiaBanks | 8.15% | 1.84% |
| Shriram FinanceFinance | 1.82% | 1.63% |
| Bharat ElectronicsAerospace & Defense | 2.15% | 1.33% |
| Tata SteelFerrous Metals | 3.49% | 1.32% |
| Coal IndiaConsumable Fuels | 2.66% | 1.21% |
| ITCDiversified FMCG | 9.74% | 1.01% |
| VedantaDiversified Metals | 1.37% | 0.95% |
| Bajaj AutoAutomobiles | 2.59% | 0.86% |
| GAIL (India)Gas | 1.45% | 0.83% |
| Tech MahindraIT - Software | 2.06% | 0.82% |
| Hero MotoCorpAutomobiles | 1.52% | 0.74% |
| LIC Housing FinanceFinance | 0.52% | 0.54% |
| Power Finance CorporationFinance | 1.65% | 0.51% |
| Bank of IndiaBanks | 0.49% | 0.72% |
| National Aluminium CompanyNon - Ferrous Metals | 0.43% | 1.23% |
| Angel OneCapital Markets | 0.37% | 2.11% |
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.