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24 of 248 unique stocks in common · Jaccard: 9.7%
A weighted portfolio overlap of 18.63% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.63 is allocated to the exact same companies at the same relative proportions. The schemes share 24 common holdings.
The largest overlapping asset in their portfolios is Infosys, which commands a weight of 3.21% in Nippon India Value Fund and 7.13% in UTI Nifty500 Shariah Index Fund. Holding both schemes increases your concentration in Infosys 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 |
|---|---|---|
| InfosysIT - Software | 3.21% | 7.13% |
| Oil & Natural Gas CorporationOil | 3.27% | 1.80% |
| Tata Motors Passenger VehiclesAutomobiles | 1.88% | 1.44% |
| Hindalco IndustriesNon - Ferrous Metals | 1.16% | 2.86% |
| Bharat Heavy ElectricalsElectrical Equipment | 2.16% | 1.07% |
| Fortis HealthcareHealthcare Services | 0.98% | 0.85% |
| Dixon Technologies (India)Consumer Durables | 2.56% | 0.83% |
| Tech MahindraIT - Software | 0.82% | 1.65% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 1.24% | 0.81% |
| GAIL (India)Gas | 0.83% | 0.78% |
| Jindal SteelFerrous Metals | 1.78% | 0.78% |
| Hero MotoCorpAutomobiles | 0.74% | 1.11% |
| National Aluminium CompanyNon - Ferrous Metals | 1.23% | 0.67% |
| LTIMindtreeIT - Software | 0.77% | 0.66% |
| Alkem LaboratoriesPharmaceuticals & Biotechnology | 1.73% | 0.56% |
| VoltasConsumer Durables | 1.41% | 0.50% |
| Indus TowersTelecom - Services | 0.47% | 1.00% |
| Page IndustriesTextiles & Apparels | 1.00% | 0.42% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 1.02% | 0.32% |
| Balkrishna IndustriesAuto Components | 1.03% | 0.31% |
| Inox WindElectrical Equipment | 1.56% | 0.16% |
| Syngene InternationalHealthcare Services | 0.28% | 0.15% |
| Aditya Birla Fashion and RetailRetailing | 1.33% | 0.06% |
| Amara Raja Energy & MobilityAuto Components | 0.06% | 0.19% |
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.