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27 of 150 unique stocks in common · Jaccard: 18%
A weighted portfolio overlap of 32.61% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.61 is allocated to the exact same companies at the same relative proportions. The schemes share 27 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.08% in Nippon India Multi Cap Fund and 5.94% in Nippon India Value 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 Multi | in Nippon India Value |
|---|---|---|
| HDFC BankBanks | 6.08% | 5.94% |
| ICICI BankBanks | 3.66% | 5.47% |
| Reliance IndustriesPetroleum Products | 2.79% | 2.57% |
| Larsen & ToubroConstruction | 2.24% | 3.24% |
| NTPCPower | 2.20% | 3.35% |
| Max Financial ServicesInsurance | 2.32% | 2.13% |
| State Bank of IndiaBanks | 2.49% | 1.84% |
| VoltasConsumer Durables | 1.45% | 1.41% |
| Aditya Birla Fashion and RetailRetailing | 1.49% | 1.33% |
| EIHLeisure Services | 3.86% | 1.31% |
| InfosysIT - Software | 1.02% | 3.21% |
| ITCDiversified FMCG | 1.92% | 1.01% |
| Tata Motors Passenger VehiclesAutomobiles | 0.76% | 1.88% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.73% | 1.02% |
| UTI Asset Management CompanyCapital Markets | 0.68% | 1.00% |
| Axis BankBanks | 3.17% | 0.64% |
| Mahindra & MahindraAutomobiles | 0.57% | 1.65% |
| Power Finance CorporationFinance | 0.63% | 0.51% |
| NLC IndiaPower | 0.40% | 1.08% |
| Electronics Mart IndiaRetailing | 0.39% | 1.42% |
| Tata SteelFerrous Metals | 0.24% | 1.32% |
| Page IndustriesTextiles & Apparels | 0.23% | 1.00% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.79% | 0.22% |
| Teamlease ServicesCommercial Services & Supplies | 0.21% | 0.60% |
| Kaynes Technology IndiaIndustrial Manufacturing | 0.17% | 0.40% |
| Angel OneCapital Markets | 0.14% | 2.11% |
| Amara Raja Energy & MobilityAuto Components | 0.66% | 0.06% |
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.