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13 of 61 unique stocks in common · Jaccard: 21.3%
A weighted portfolio overlap of 32.16% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.16 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 Reliance Industries, which commands a weight of 11.86% in Nippon India ETF S&P BSE Sensex and 7.73% in NJ Arbitrage Fund. Holding both schemes increases your concentration in Reliance Industries 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 NJ |
|---|---|---|
| Reliance IndustriesPetroleum Products | 11.86% | 7.73% |
| HDFC BankBanks | 13.51% | 6.95% |
| State Bank of IndiaBanks | 3.72% | 3.77% |
| Bharti AirtelTelecom - Services | 3.93% | 2.90% |
| Kotak Mahindra BankBanks | 2.73% | 7.13% |
| Axis BankBanks | 3.88% | 2.13% |
| Tata Motors Passenger VehiclesAutomobiles | 2.12% | 1.93% |
| Titan CompanyConsumer Durables | 1.76% | 1.32% |
| ICICI BankBanks | 9.48% | 1.09% |
| Larsen & ToubroConstruction | 4.98% | 0.80% |
| Hindustan UnileverDiversified FMCG | 2.34% | 0.62% |
| Bajaj FinservFinance | 1.03% | 0.14% |
| ITCDiversified FMCG | 4.78% | 0.10% |
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 Aug 2025). Equity holdings only, ISIN-verified. Not investment advice.