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7 of 172 unique stocks in common · Jaccard: 4.1%
A weighted portfolio overlap of 9.34% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.34 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 8.47% in NJ Balanced Advantage Fund and 8.36% in quant Small Cap Fund. Holding both schemes increases your concentration in Reliance Industries 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 NJ | in quant |
|---|---|---|
| Reliance IndustriesPetroleum Products | 8.47% | 8.36% |
| ICICI BankBanks | 0.44% | 1.69% |
| Adani EnterprisesMetals & Minerals Trading | 0.28% | 2.80% |
| Sona BLW Precision ForgingsAuto Components | 0.17% | 0.53% |
| HDFC Life Insurance CompanyInsurance | 0.03% | 0.43% |
| Manappuram FinanceFinance | 0.03% | 1.59% |
| Samvardhana Motherson InternationalAuto Components | 0.02% | 1.22% |
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.