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29 of 131 unique stocks in common · Jaccard: 22.1%
A weighted portfolio overlap of 20.42% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.42 is allocated to the exact same companies at the same relative proportions. The schemes share 29 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 4.31% in Tata Flexi 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 Tata |
|---|---|---|
| Reliance IndustriesPetroleum Products | 8.47% | 4.31% |
| Britannia IndustriesFood Products | 2.56% | 1.76% |
| HDFC BankBanks | 1.69% | 5.75% |
| Pidilite IndustriesChemicals & Petrochemicals | 1.52% | 1.60% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.45% | 1.74% |
| InfosysIT - Software | 1.32% | 1.66% |
| Tata Consultancy ServicesIT - Software | 1.20% | 1.53% |
| ITCDiversified FMCG | 1.17% | 1.74% |
| Dabur IndiaPersonal Products | 1.14% | 1.42% |
| HDFC Asset Management CompanyCapital Markets | 4.48% | 1.11% |
| Asian PaintsConsumer Durables | 1.26% | 1.05% |
| ICICI BankBanks | 0.44% | 5.49% |
| Axis BankBanks | 0.34% | 3.63% |
| Abbott IndiaPharmaceuticals & Biotechnology | 0.31% | 0.93% |
| Page IndustriesTextiles & Apparels | 0.30% | 0.94% |
| MphasisIT - Software | 0.27% | 0.94% |
| Bank of BarodaBanks | 0.24% | 1.21% |
| Larsen & ToubroConstruction | 0.18% | 2.75% |
| Sona BLW Precision ForgingsAuto Components | 0.17% | 1.80% |
| SBI Life Insurance CompanyInsurance | 0.13% | 1.94% |
| Ambuja CementsCement & Cement Products | 0.07% | 2.33% |
| Indus TowersTelecom - Services | 0.06% | 1.59% |
| Bharti AirtelTelecom - Services | 0.05% | 3.56% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.04% | 1.03% |
| HDFC Life Insurance CompanyInsurance | 0.03% | 1.76% |
| Samvardhana Motherson InternationalAuto Components | 0.02% | 2.08% |
| The Indian Hotels CompanyLeisure Services | 0.01% | 0.99% |
| Bharat Petroleum CorporationPetroleum Products | 0.00% | 0.65% |
| NTPCPower | 0.00% | 2.61% |
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.