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15 of 64 unique stocks in common · Jaccard: 23.4%
A weighted portfolio overlap of 13.08% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.08 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 1.90% in Nippon India Retirement Fund - Income Generation Scheme and 8.30% in UTI Nifty 50 ETF. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 1.90% | 8.30% |
| Reliance IndustriesPetroleum Products | 1.80% | 8.25% |
| HDFC BankBanks | 1.49% | 10.53% |
| Tata Consultancy ServicesIT - Software | 1.14% | 2.13% |
| Axis BankBanks | 1.00% | 3.41% |
| Larsen & ToubroConstruction | 0.99% | 4.42% |
| SBI Life Insurance CompanyInsurance | 0.79% | 0.76% |
| State Bank of IndiaBanks | 0.76% | 3.70% |
| InfosysIT - Software | 0.70% | 3.76% |
| EternalRetailing | 0.65% | 1.67% |
| WiproIT - Software | 0.57% | 0.54% |
| Hindustan UnileverDiversified FMCG | 0.41% | 1.77% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.36% | 0.78% |
| NTPCPower | 0.33% | 1.70% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.25% | 1.76% |
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.