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20 of 95 unique stocks in common · Jaccard: 21.1%
A weighted portfolio overlap of 46.35% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹46.35 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 7.30% in Nippon India Large Cap Fund and 6.64% in Nippon India Retirement Fund - Wealth Creation Scheme. Holding both schemes increases your concentration in Reliance Industries 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 Large | in Nippon India Retirement |
|---|---|---|
| Reliance IndustriesPetroleum Products | 7.30% | 6.64% |
| ICICI BankBanks | 6.47% | 7.44% |
| HDFC BankBanks | 9.31% | 6.15% |
| Axis BankBanks | 4.46% | 3.63% |
| Larsen & ToubroConstruction | 3.71% | 3.20% |
| State Bank of IndiaBanks | 6.04% | 2.67% |
| NTPCPower | 2.99% | 2.47% |
| InfosysIT - Software | 3.32% | 2.30% |
| Bajaj FinanceFinance | 3.02% | 2.02% |
| EIHLeisure Services | 2.03% | 1.78% |
| EternalRetailing | 1.71% | 2.19% |
| Hindustan UnileverDiversified FMCG | 1.40% | 1.80% |
| ICICI Lombard General Insurance CompanyInsurance | 1.11% | 1.94% |
| SBI Life Insurance CompanyInsurance | 1.10% | 1.05% |
| HDFC Asset Management CompanyCapital Markets | 1.04% | 1.01% |
| Samvardhana Motherson InternationalAuto Components | 0.85% | 1.49% |
| Ultratech CementCement & Cement Products | 0.57% | 1.45% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.55% | 1.00% |
| PVR INOXEntertainment | 0.50% | 0.99% |
| United BreweriesBeverages | 0.27% | 1.45% |
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.