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24 of 122 unique stocks in common · Jaccard: 19.7%
A weighted portfolio overlap of 40.5% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.5 is allocated to the exact same companies at the same relative proportions. The schemes share 24 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 6.15% in Nippon India Retirement Fund - Wealth Creation Scheme. 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 Retirement |
|---|---|---|
| HDFC BankBanks | 6.53% | 6.15% |
| ICICI BankBanks | 4.67% | 7.44% |
| Reliance IndustriesPetroleum Products | 3.41% | 6.64% |
| Axis BankBanks | 3.32% | 3.63% |
| Larsen & ToubroConstruction | 3.68% | 3.20% |
| InfosysIT - Software | 3.28% | 2.30% |
| NTPCPower | 2.30% | 2.47% |
| State Bank of IndiaBanks | 1.85% | 2.67% |
| Samvardhana Motherson InternationalAuto Components | 1.62% | 1.49% |
| Ultratech CementCement & Cement Products | 1.92% | 1.45% |
| Power Finance CorporationFinance | 1.87% | 1.32% |
| Hindustan UnileverDiversified FMCG | 1.13% | 1.80% |
| SBI Life Insurance CompanyInsurance | 1.77% | 1.05% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.95% | 1.00% |
| Hindalco IndustriesNon - Ferrous Metals | 0.85% | 1.25% |
| Bharat ForgeAuto Components | 0.94% | 0.82% |
| LupinPharmaceuticals & Biotechnology | 1.03% | 0.69% |
| Container Corporation of IndiaTransport Services | 0.68% | 1.30% |
| Aditya Birla Sun Life AMCCapital Markets | 0.98% | 0.65% |
| Bajaj FinanceFinance | 0.65% | 2.02% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.48% | 0.72% |
| PVR INOXEntertainment | 0.42% | 0.99% |
| HDFC Asset Management CompanyCapital Markets | 0.34% | 1.01% |
| Kaynes Technology IndiaIndustrial Manufacturing | 0.33% | 2.59% |
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.