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20 of 168 unique stocks in common · Jaccard: 11.9%
A weighted portfolio overlap of 24.97% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.97 is allocated to the exact same companies at the same relative proportions. The schemes share 20 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 4.56% in UTI Multi Cap 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 UTI |
|---|---|---|
| HDFC BankBanks | 6.64% | 4.56% |
| ICICI BankBanks | 3.12% | 5.34% |
| Axis BankBanks | 5.14% | 2.69% |
| Larsen & ToubroConstruction | 1.79% | 1.86% |
| SwiggyRetailing | 1.76% | 2.68% |
| Reliance IndustriesPetroleum Products | 1.72% | 1.99% |
| Tata Consultancy ServicesIT - Software | 1.41% | 1.52% |
| Jubilant FoodworksLeisure Services | 1.63% | 1.23% |
| Bajaj FinanceFinance | 1.71% | 1.13% |
| PVR INOXEntertainment | 0.71% | 1.53% |
| Berger Paints IndiaConsumer Durables | 0.62% | 1.23% |
| Gillette IndiaPersonal Products | 0.58% | 1.11% |
| Info Edge (India)Retailing | 0.58% | 1.72% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 0.56% | 1.20% |
| Blue StarConsumer Durables | 0.52% | 0.94% |
| Vedant FashionsRetailing | 0.49% | 1.53% |
| Ajanta PharmaPharmaceuticals & Biotechnology | 0.48% | 1.22% |
| SBI Life Insurance CompanyInsurance | 0.42% | 1.36% |
| Dr. Lal Path LabsHealthcare Services | 0.39% | 0.89% |
| Clean Science and TechnologyChemicals & Petrochemicals | 0.21% | 0.51% |
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.