Loading fund overlap…
10 of 56 unique stocks in common · Jaccard: 17.9%
A weighted portfolio overlap of 29.18% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.18 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is Honeywell Automation India, which commands a weight of 4.71% in Nippon India Focused Equity Fund and 3.87% in Nippon India Innovation Fund. Holding both schemes increases your concentration in Honeywell Automation India 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 Focused | in Nippon India Innovation |
|---|---|---|
| Honeywell Automation IndiaIndustrial Manufacturing | 4.71% | 3.87% |
| 3M IndiaDiversified | 3.61% | 4.63% |
| ICICI BankBanks | 8.03% | 3.36% |
| Axis BankBanks | 7.36% | 3.33% |
| FSN E-Commerce VenturesRetailing | 3.28% | 3.61% |
| HDFC BankBanks | 9.41% | 3.14% |
| Affle 3iIT - Services | 3.12% | 3.09% |
| Hero MotoCorpAutomobiles | 3.50% | 2.05% |
| Restaurant Brands AsiaLeisure Services | 1.97% | 2.25% |
| Sapphire Foods IndiaLeisure Services | 1.92% | 1.48% |
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.