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24 of 170 unique stocks in common · Jaccard: 14.1%
A weighted portfolio overlap of 24.66% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.66 is allocated to the exact same companies at the same relative proportions. The schemes share 24 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 2.72% in Sundaram 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 Sundaram |
|---|---|---|
| ICICI BankBanks | 3.12% | 2.72% |
| HDFC BankBanks | 6.64% | 1.97% |
| Larsen & ToubroConstruction | 1.79% | 3.04% |
| Axis BankBanks | 5.14% | 1.72% |
| Reliance IndustriesPetroleum Products | 1.72% | 2.85% |
| Mahindra & MahindraAutomobiles | 1.56% | 1.47% |
| State Bank of IndiaBanks | 1.30% | 1.29% |
| Max Financial ServicesInsurance | 1.72% | 1.29% |
| EternalRetailing | 1.05% | 2.00% |
| GE Vernova T&D IndiaElectrical Equipment | 1.72% | 1.04% |
| NTPCPower | 1.73% | 1.01% |
| Tata Power CompanyPower | 1.00% | 1.15% |
| PB FintechFinancial Technology (Fintech) | 0.89% | 1.46% |
| ITCDiversified FMCG | 1.27% | 0.85% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 1.36% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.61% | 1.44% |
| Info Edge (India)Retailing | 0.58% | 1.39% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 0.58% | 0.92% |
| Jubilant FoodworksLeisure Services | 1.63% | 0.47% |
| Gillette IndiaPersonal Products | 0.58% | 0.46% |
| Interglobe AviationTransport Services | 0.46% | 2.00% |
| JK CementCement & Cement Products | 0.41% | 1.19% |
| Sapphire Foods IndiaLeisure Services | 0.28% | 0.71% |
| Devyani InternationalLeisure Services | 0.89% | 0.25% |
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.