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18 of 224 unique stocks in common · Jaccard: 8%
A weighted portfolio overlap of 9% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is Hindustan Aeronautics, which commands a weight of 2.07% in Nippon India Power & Infra Fund and 1.17% in Nippon India Small Cap Fund. Holding both schemes increases your concentration in Hindustan Aeronautics 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 India Power | in Nippon India Small |
|---|---|---|
| Hindustan AeronauticsAerospace & Defense | 2.07% | 1.17% |
| Larsen & ToubroConstruction | 5.70% | 1.02% |
| NLC IndiaPower | 0.96% | 1.19% |
| Carborundum UniversalIndustrial Products | 3.32% | 0.92% |
| Birla CorporationCement & Cement Products | 1.43% | 0.76% |
| Coal IndiaConsumable Fuels | 1.49% | 0.68% |
| Praj IndustriesIndustrial Manufacturing | 1.63% | 0.58% |
| Timken IndiaIndustrial Products | 0.54% | 0.75% |
| G R InfraprojectsConstruction | 1.14% | 0.32% |
| Brigade EnterprisesRealty | 3.07% | 0.31% |
| MTAR TechnologiesElectrical Equipment | 0.57% | 0.30% |
| Kaynes Technology IndiaIndustrial Manufacturing | 4.23% | 0.29% |
| PNC InfratechConstruction | 1.60% | 0.29% |
| RHI Magnesita IndiaIndustrial Products | 0.62% | 0.26% |
| Honeywell Automation IndiaIndustrial Manufacturing | 3.58% | 0.24% |
| Cyient DLMAerospace & Defense | 3.44% | 0.15% |
| Mishra Dhatu NigamAerospace & Defense | 0.67% | 0.13% |
| Paras Defence and Space TechnologiesAerospace & Defense | 0.72% | 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 Apr 2024). Equity holdings only, ISIN-verified. Not investment advice.