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15 of 71 unique stocks in common · Jaccard: 21.1%
A weighted portfolio overlap of 42.27% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.27 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 9.41% in Nippon India Focused Equity Fund and 9.31% in Nippon India Large Cap 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 Focused | in Nippon India Large |
|---|---|---|
| HDFC BankBanks | 9.41% | 9.31% |
| ICICI BankBanks | 8.03% | 6.47% |
| ITCDiversified FMCG | 5.84% | 5.84% |
| Reliance IndustriesPetroleum Products | 4.62% | 7.30% |
| Axis BankBanks | 7.36% | 4.46% |
| InfosysIT - Software | 5.11% | 3.32% |
| State Bank of IndiaBanks | 2.60% | 6.04% |
| SBI Cards and Payment ServicesFinance | 3.59% | 1.14% |
| HDFC Life Insurance CompanyInsurance | 2.24% | 0.89% |
| Coal IndiaConsumable Fuels | 2.23% | 0.87% |
| Hero MotoCorpAutomobiles | 3.50% | 0.79% |
| Honeywell Automation IndiaIndustrial Manufacturing | 4.71% | 0.70% |
| PVR INOXEntertainment | 1.59% | 0.50% |
| Tech MahindraIT - Software | 2.06% | 0.41% |
| 3M IndiaDiversified | 3.61% | 0.35% |
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.