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8 of 162 unique stocks in common · Jaccard: 4.9%
A weighted portfolio overlap of 6.7% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.7 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.12% in Nippon India Multi Cap Fund and 5.39% in quant Multi Cap Fund. 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 quant |
|---|---|---|
| ICICI BankBanks | 3.12% | 5.39% |
| Samvardhana Motherson InternationalAuto Components | 1.77% | 3.86% |
| Aditya Birla Lifestyle BrandsRetailing | 0.65% | 0.57% |
| LG Electronics IndiaConsumer Durables | 0.54% | 2.95% |
| 3M IndiaDiversified | 0.33% | 0.32% |
| PfizerPharmaceuticals & Biotechnology | 0.30% | 0.33% |
| Glaxosmithkline PharmaceuticalsPharmaceuticals & Biotechnology | 0.05% | 0.24% |
| Aditya Birla Fashion and RetailRetailing | 0.04% | 0.08% |
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 2026). Equity holdings only, ISIN-verified. Not investment advice.