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10 of 242 unique stocks in common · Jaccard: 4.1%
A weighted portfolio overlap of 7.78% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹7.78 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 1.85% in Nippon India Small Cap Fund and 10.53% in UTI Nifty 50 ETF. 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 | 1.85% | 10.53% |
| State Bank of IndiaBanks | 1.33% | 3.70% |
| Larsen & ToubroConstruction | 1.02% | 4.42% |
| InterGlobe AviationTransport Services | 1.28% | 0.92% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.76% | 0.71% |
| Coal IndiaConsumable Fuels | 0.68% | 0.96% |
| HDFC Life Insurance CompanyInsurance | 0.45% | 0.59% |
| EternalRetailing | 0.42% | 1.67% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.31% | 1.76% |
| Eicher MotorsAutomobiles | 0.09% | 0.91% |
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.