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7 of 108 unique stocks in common · Jaccard: 6.5%
A weighted portfolio overlap of 11.82% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.82 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 5.82% in Nippon India Power & Infra Fund and 8.46% in Tata Nifty500 Multicap India Manufacturing 50-30-20 Index Fund. Holding both schemes increases your concentration in Reliance Industries 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 5.82% | 8.46% |
| Bharat ElectronicsAerospace & Defense | 2.09% | 3.12% |
| Hindustan AeronauticsAerospace & Defense | 2.07% | 1.73% |
| AstralIndustrial Products | 1.64% | 0.60% |
| Carborundum UniversalIndustrial Products | 3.32% | 0.57% |
| Timken IndiaIndustrial Products | 0.54% | 0.62% |
| Kaynes Technology IndiaIndustrial Manufacturing | 4.23% | 0.47% |
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.