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12 of 166 unique stocks in common · Jaccard: 7.2%
A weighted portfolio overlap of 5.01% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹5.01 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is FSN E-Commerce Ventures, which commands a weight of 0.85% in Nippon India ETF Nifty Midcap 150 and 3.61% in Nippon India Innovation Fund. Holding both schemes increases your concentration in FSN E-Commerce Ventures 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 Innovation |
|---|---|---|
| FSN E-Commerce VenturesRetailing | 0.85% | 3.61% |
| DelhiveryTransport Services | 0.61% | 2.16% |
| United BreweriesBeverages | 0.53% | 2.98% |
| Syngene InternationalHealthcare Services | 0.44% | 3.07% |
| Motherson Sumi Wiring IndiaAuto Components | 0.40% | 2.26% |
| One 97 CommunicationsFinancial Technology (Fintech) | 0.38% | 0.73% |
| Timken IndiaIndustrial Products | 0.36% | 2.29% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.35% | 3.87% |
| Bharat DynamicsAerospace & Defense | 0.32% | 1.90% |
| 3M IndiaDiversified | 0.30% | 4.63% |
| Bayer CropscienceFertilizers & Agrochemicals | 0.24% | 1.51% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 0.23% | 2.34% |
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.