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9 of 70 unique stocks in common · Jaccard: 12.9%
A weighted portfolio overlap of 26.92% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.92 is allocated to the exact same companies at the same relative proportions. The schemes share 9 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 8.22% in Tata Large & Mid 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 | in Tata |
|---|---|---|
| HDFC BankBanks | 9.41% | 8.22% |
| Reliance IndustriesPetroleum Products | 4.62% | 3.90% |
| ICICI BankBanks | 8.03% | 3.71% |
| SBI Cards and Payment ServicesFinance | 3.59% | 3.69% |
| Bharat ForgeAuto Components | 2.88% | 2.60% |
| State Bank of IndiaBanks | 2.60% | 5.20% |
| ITCDiversified FMCG | 5.84% | 0.85% |
| Devyani InternationalLeisure Services | 1.70% | 0.77% |
| InfosysIT - Software | 5.11% | 0.68% |
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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.