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19 of 148 unique stocks in common · Jaccard: 12.8%
A weighted portfolio overlap of 15.7% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.7 is allocated to the exact same companies at the same relative proportions. The schemes share 19 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 3.50% in Tata India Innovation 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% | 3.50% |
| Hero MotoCorpAutomobiles | 3.17% | 2.30% |
| HDFC BankBanks | 1.69% | 2.29% |
| Dr. Lal Path LabsHealthcare Services | 1.62% | 3.80% |
| Tech MahindraIT - Software | 1.52% | 2.38% |
| InfosysIT - Software | 1.32% | 1.47% |
| Dabur IndiaPersonal Products | 1.14% | 1.52% |
| State Bank of IndiaBanks | 0.57% | 0.70% |
| ICICI BankBanks | 0.44% | 4.33% |
| Havells IndiaConsumer Durables | 1.27% | 0.42% |
| Axis BankBanks | 0.34% | 3.21% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.30% | 3.01% |
| Bank of BarodaBanks | 0.24% | 1.55% |
| Sona BLW Precision ForgingsAuto Components | 0.17% | 1.31% |
| Bharti AirtelTelecom - Services | 0.05% | 3.10% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.04% | 2.07% |
| Samvardhana Motherson InternationalAuto Components | 0.02% | 1.49% |
| Mahindra & MahindraAutomobiles | 0.01% | 2.31% |
| CG Power and Industrial SolutionsElectrical Equipment | 0.00% | 0.33% |
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.