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14 of 226 unique stocks in common · Jaccard: 6.2%
A weighted portfolio overlap of 9.43% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.43 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 3.14% in Nippon India Innovation Fund and 1.85% in Nippon India Small 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 Innovation | in Nippon India Small |
|---|---|---|
| HDFC BankBanks | 3.14% | 1.85% |
| Tejas NetworksTelecom - Equipment & Accessories | 3.20% | 1.31% |
| Tata Consumer ProductsAgricultural Food & Other Products | 1.58% | 0.76% |
| eMudhraIT - Services | 2.61% | 0.75% |
| Timken IndiaIndustrial Products | 2.29% | 0.75% |
| Kirloskar Oil EnginesIndustrial Products | 1.41% | 0.74% |
| Bayer CropscienceFertilizers & Agrochemicals | 1.51% | 0.58% |
| Affle 3iIT - Services | 3.09% | 0.57% |
| Sapphire Foods IndiaLeisure Services | 1.48% | 0.52% |
| EternalRetailing | 3.39% | 0.42% |
| Sanofi IndiaPharmaceuticals & Biotechnology | 1.90% | 0.35% |
| Bharat DynamicsAerospace & Defense | 1.90% | 0.30% |
| Bajaj FinanceFinance | 1.57% | 0.29% |
| Honeywell Automation IndiaIndustrial Manufacturing | 3.87% | 0.24% |
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.