How much do Nippon India Nifty Smallcap 250 Index Fund and Tata Nifty India Digital Exchange Traded Fund overlap?

They share 14 common holdings, a weighted portfolio overlap of about 4.23% (low overlap — mostly different holdings), as on May 2026. Information only, not investment advice.

What does 4.23% overlap mean?

Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Fund overlap

Nippon India Nifty Smallcap 250 Index Fund vs Tata Nifty India Digital Exchange Traded Fund

Nippon India MF · Index FundTata MF · ETF· as on May 2026

Weighted portfolio overlap

4.23%

Low overlap

Common

236

Only Nippon

Only Tata

14 of 287 unique stocks in common · Jaccard: 4.9%

Overlap Analysis & Diversification Assessment

A weighted portfolio overlap of 4.23% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹4.23 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.

The largest overlapping asset in their portfolios is Indiamart Intermesh, which commands a weight of 0.50% in Nippon India Nifty Smallcap 250 Index Fund and 0.64% in Tata Nifty India Digital Exchange Traded Fund. Holding both schemes increases your concentration in Indiamart Intermesh 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).

Common holdings

Stock	in Nippon	in Tata
Indiamart IntermeshRetailing	0.50%	0.64%
CyientIT - Services	0.96%	0.46%
Tejas NetworksTelecom - Equipment & Accessories	0.54%	0.44%
Intellect Design ArenaIT - Software	0.60%	0.38%
Affle 3iIT - Services	0.37%	0.56%
Zensar TechnologiesIT - Software	0.44%	0.34%
BirlasoftIT - Software	0.66%	0.32%
Sonata SoftwareIT - Software	0.84%	0.31%
BLS International ServicesLeisure Services	0.25%	0.33%
RailTel Corporation of IndiaTelecom - Services	0.22%	0.29%
Tata Teleservices (Maharashtra)Telecom - Services	0.26%	0.22%
ITITelecom - Equipment & Accessories	0.19%	0.30%
Latent View AnalyticsIT - Software	0.22%	0.14%
C.E. Info SystemsIT - Software	0.16%	0.09%

FAQ

How much do Nippon India Nifty Smallcap 250 Index Fund and Tata Nifty India Digital Exchange Traded Fund overlap?: They share 14 common holdings, a weighted portfolio overlap of about 4.23% (low overlap — mostly different holdings), as on May 2026. Information only, not investment advice.
What does 4.23% overlap mean?: Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Related comparisons

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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.