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19 of 98 unique stocks in common · Jaccard: 19.4%
A weighted portfolio overlap of 34.25% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹34.25 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 HDFC Bank, which commands a weight of 6.53% in Nippon India Flexi Cap Fund and 9.41% in Nippon India Focused Equity Fund. Holding both schemes increases your concentration in HDFC Bank 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 Flexi | in Nippon India Focused |
|---|---|---|
| HDFC BankBanks | 6.53% | 9.41% |
| ICICI BankBanks | 4.67% | 8.03% |
| Reliance IndustriesPetroleum Products | 3.41% | 4.62% |
| Axis BankBanks | 3.32% | 7.36% |
| InfosysIT - Software | 3.28% | 5.11% |
| State Bank of IndiaBanks | 1.85% | 2.60% |
| Coal IndiaConsumable Fuels | 1.74% | 2.23% |
| Devyani InternationalLeisure Services | 1.49% | 1.70% |
| ITCDiversified FMCG | 1.25% | 5.84% |
| Tech MahindraIT - Software | 1.13% | 2.06% |
| Bharat ForgeAuto Components | 0.94% | 2.88% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.94% | 4.71% |
| SBI Cards and Payment ServicesFinance | 0.80% | 3.59% |
| Cholamandalam Financial HoldingsFinance | 0.68% | 2.00% |
| Hero MotoCorpAutomobiles | 0.60% | 3.50% |
| Medplus Health ServicesRetailing | 0.46% | 1.85% |
| Sapphire Foods IndiaLeisure Services | 0.43% | 1.92% |
| PVR INOXEntertainment | 0.42% | 1.59% |
| Angel OneCapital Markets | 0.31% | 1.19% |
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.