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16 of 104 unique stocks in common · Jaccard: 15.4%
A weighted portfolio overlap of 15.63% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.63 is allocated to the exact same companies at the same relative proportions. The schemes share 16 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 3.03% in UTI Children's Hybrid 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 UTI |
|---|---|---|
| HDFC BankBanks | 6.15% | 3.03% |
| ICICI BankBanks | 7.44% | 2.59% |
| Axis BankBanks | 3.63% | 1.67% |
| Reliance IndustriesPetroleum Products | 6.64% | 1.67% |
| InfosysIT - Software | 2.30% | 1.46% |
| State Bank of IndiaBanks | 2.67% | 0.66% |
| ICICI Lombard General Insurance CompanyInsurance | 1.94% | 0.64% |
| Larsen & ToubroConstruction | 3.20% | 0.60% |
| EternalRetailing | 2.19% | 0.55% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.72% | 0.54% |
| LTIMindtreeIT - Software | 1.83% | 0.53% |
| NTPCPower | 2.47% | 0.49% |
| Samvardhana Motherson InternationalAuto Components | 1.49% | 0.48% |
| Titan CompanyConsumer Durables | 1.16% | 0.34% |
| Tata Consultancy ServicesIT - Software | 3.62% | 0.30% |
| Container Corporation of IndiaTransport Services | 1.30% | 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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.