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

They share 10 common holdings, a weighted portfolio overlap of about 99.92% (extreme overlap — near-identical portfolios), as on Apr 2024. Information only, not investment advice.

What does 99.92% 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 IT vs Nippon India Nifty IT Index Fund

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

Weighted portfolio overlap

99.92%

Extreme overlap

Common

Only Nippon India ETF

Only Nippon India Nifty

10 of 10 unique stocks in common · Jaccard: 100%

Common holdings

Stock	in Nippon India ETF	in Nippon India Nifty
InfosysIT - Software	26.69%	26.70%
Tata Consultancy ServicesIT - Software	25.73%	25.75%
Tech MahindraIT - Software	10.60%	10.60%
HCL TechnologiesIT - Software	9.62%	9.62%
WiproIT - Software	8.62%	8.62%
LTIMindtreeIT - Software	5.71%	5.71%
Persistent SystemsIT - Software	4.59%	4.60%
CoforgeIT - Software	4.13%	4.13%
MphasisIT - Software	2.54%	2.54%
L&T Technology ServicesIT - Services	1.69%	1.69%

FAQ

How much do Nippon India ETF Nifty IT and Nippon India Nifty IT Index Fund overlap?: They share 10 common holdings, a weighted portfolio overlap of about 99.92% (extreme overlap — near-identical portfolios), as on Apr 2024. Information only, not investment advice.
What does 99.92% 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.