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12 of 97 unique stocks in common · Jaccard: 12.4%
A weighted portfolio overlap of 32.4% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.4 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.15% in Nippon India Retirement Fund - Wealth Creation Scheme and 5.89% in Tata Childrens 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 Tata |
|---|---|---|
| HDFC BankBanks | 6.15% | 5.89% |
| Reliance IndustriesPetroleum Products | 6.64% | 5.23% |
| ICICI BankBanks | 7.44% | 3.82% |
| Axis BankBanks | 3.63% | 3.23% |
| Larsen & ToubroConstruction | 3.20% | 3.72% |
| InfosysIT - Software | 2.30% | 2.24% |
| ICICI Lombard General Insurance CompanyInsurance | 1.94% | 2.18% |
| Tata Consultancy ServicesIT - Software | 3.62% | 1.92% |
| Hindustan UnileverDiversified FMCG | 1.80% | 2.62% |
| Titan CompanyConsumer Durables | 1.16% | 3.22% |
| Indraprastha GasGas | 0.99% | 1.37% |
| Indus TowersTelecom - Services | 0.98% | 1.15% |
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.