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9 of 79 unique stocks in common · Jaccard: 11.4%
A weighted portfolio overlap of 15.47% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.47 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 ICICI Bank, which commands a weight of 3.36% in Nippon India Innovation Fund and 8.30% in UTI Nifty 50 ETF. 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 | in UTI |
|---|---|---|
| ICICI BankBanks | 3.36% | 8.30% |
| Axis BankBanks | 3.33% | 3.41% |
| HDFC BankBanks | 3.14% | 10.53% |
| EternalRetailing | 3.39% | 1.67% |
| Bajaj FinservFinance | 4.05% | 0.95% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.87% | 0.78% |
| Hindustan UnileverDiversified FMCG | 0.77% | 1.77% |
| Tata Motors Passenger VehiclesAutomobiles | 1.73% | 0.76% |
| Tata Consumer ProductsAgricultural Food & Other Products | 1.58% | 0.71% |
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.