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26 of 175 unique stocks in common · Jaccard: 14.9%
A weighted portfolio overlap of 28.88% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.88 is allocated to the exact same companies at the same relative proportions. The schemes share 26 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.64% in Nippon India Multi Cap Fund and 5.11% in Tata Multicap 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 | in Tata |
|---|---|---|
| HDFC BankBanks | 6.64% | 5.11% |
| Axis BankBanks | 5.14% | 2.18% |
| ICICI BankBanks | 3.12% | 2.09% |
| NTPCPower | 1.73% | 2.13% |
| Reliance IndustriesPetroleum Products | 1.72% | 2.50% |
| Mahindra & MahindraAutomobiles | 1.56% | 1.79% |
| State Bank of IndiaBanks | 1.30% | 1.45% |
| InfosysIT - Software | 3.43% | 1.29% |
| Samvardhana Motherson InternationalAuto Components | 1.77% | 1.29% |
| Dixon Technologies (India)Consumer Durables | 1.00% | 1.90% |
| Aditya Birla Sun Life AMCCapital Markets | 0.97% | 0.97% |
| Vishal Mega MartRetailing | 0.84% | 1.83% |
| VoltasConsumer Durables | 1.02% | 0.84% |
| SwiggyRetailing | 1.76% | 0.79% |
| Vijaya Diagnostic CentreHealthcare Services | 0.79% | 0.91% |
| The Indian Hotels CompanyLeisure Services | 0.77% | 1.45% |
| Balkrishna IndustriesAuto Components | 0.95% | 0.76% |
| Abbott IndiaPharmaceuticals & Biotechnology | 0.67% | 0.74% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 0.58% | 0.98% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 0.56% | 0.82% |
| ICICI Lombard General Insurance CompanyInsurance | 0.55% | 0.99% |
| PB FintechFinancial Technology (Fintech) | 0.89% | 0.52% |
| Dr. Lal Path LabsHealthcare Services | 0.39% | 1.84% |
| PfizerPharmaceuticals & Biotechnology | 0.30% | 0.51% |
| Cummins IndiaIndustrial Products | 0.17% | 0.93% |
| Piramal FinanceFinance | 0.11% | 0.43% |
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.