Loading fund overlap…
33 of 127 unique stocks in common · Jaccard: 26%
A weighted portfolio overlap of 21.8% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.8 is allocated to the exact same companies at the same relative proportions. The schemes share 33 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 8.47% in NJ Balanced Advantage Fund. 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 | in NJ |
|---|---|---|
| Reliance IndustriesPetroleum Products | 7.30% | 8.47% |
| HCL TechnologiesIT - Software | 1.88% | 3.44% |
| HDFC BankBanks | 9.31% | 1.69% |
| InfosysIT - Software | 3.32% | 1.32% |
| ITCDiversified FMCG | 5.84% | 1.17% |
| HDFC Asset Management CompanyCapital Markets | 1.04% | 4.48% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.89% | 1.45% |
| Coal IndiaConsumable Fuels | 0.87% | 3.21% |
| Hero MotoCorpAutomobiles | 0.79% | 3.17% |
| State Bank of IndiaBanks | 6.04% | 0.57% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.54% | 1.89% |
| Colgate Palmolive (India)Personal Products | 0.48% | 2.19% |
| ICICI BankBanks | 6.47% | 0.44% |
| Gillette IndiaPersonal Products | 0.44% | 1.98% |
| Tech MahindraIT - Software | 0.41% | 1.52% |
| Axis BankBanks | 4.46% | 0.34% |
| Page IndustriesTextiles & Apparels | 0.36% | 0.30% |
| Kotak Mahindra BankBanks | 0.31% | 0.30% |
| Hindustan UnileverDiversified FMCG | 1.40% | 0.27% |
| Tata Power CompanyPower | 3.27% | 0.19% |
| Larsen & ToubroConstruction | 3.71% | 0.18% |
| SBI Life Insurance CompanyInsurance | 1.10% | 0.13% |
| Tata Motors Passenger VehiclesAutomobiles | 1.74% | 0.09% |
| Bharti AirtelTelecom - Services | 0.73% | 0.05% |
| HDFC Life Insurance CompanyInsurance | 0.89% | 0.03% |
| Tata SteelFerrous Metals | 1.58% | 0.03% |
| Samvardhana Motherson InternationalAuto Components | 0.85% | 0.02% |
| The Indian Hotels CompanyLeisure Services | 1.77% | 0.01% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.34% | 0.01% |
| Mahindra & MahindraAutomobiles | 0.99% | 0.01% |
| NTPCPower | 2.99% | 0.00% |
| Grasim IndustriesCement & Cement Products | 0.46% | 0.00% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.85% | 0.00% |
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 Aug 2025). Equity holdings only, ISIN-verified. Not investment advice.