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11 of 74 unique stocks in common · Jaccard: 14.9%
A weighted portfolio overlap of 31.55% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.55 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.03% in Nippon India Focused Equity Fund and 7.44% in Nippon India Retirement Fund - Wealth Creation Scheme. Holding both schemes increases your concentration in ICICI 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 Retirement |
|---|---|---|
| ICICI BankBanks | 8.03% | 7.44% |
| HDFC BankBanks | 9.41% | 6.15% |
| Reliance IndustriesPetroleum Products | 4.62% | 6.64% |
| Axis BankBanks | 7.36% | 3.63% |
| State Bank of IndiaBanks | 2.60% | 2.67% |
| InfosysIT - Software | 5.11% | 2.30% |
| Affle 3iIT - Services | 3.12% | 1.20% |
| Sterling And Wilson Renewable EnergyConstruction | 1.29% | 1.11% |
| PVR INOXEntertainment | 1.59% | 0.99% |
| Bharat ForgeAuto Components | 2.88% | 0.82% |
| FSN E-Commerce VenturesRetailing | 3.28% | 0.69% |
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.