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15 of 117 unique stocks in common · Jaccard: 12.8%
A weighted portfolio overlap of 15.72% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.72 is allocated to the exact same companies at the same relative proportions. The schemes share 15 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 5.15% in UTI Focused 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 UTI |
|---|---|---|
| Reliance IndustriesPetroleum Products | 8.47% | 5.15% |
| Ajanta PharmaPharmaceuticals & Biotechnology | 1.96% | 2.61% |
| Bajaj FinanceFinance | 1.90% | 3.83% |
| HDFC BankBanks | 1.69% | 8.17% |
| Tech MahindraIT - Software | 1.52% | 3.06% |
| InfosysIT - Software | 1.32% | 4.17% |
| Havells IndiaConsumer Durables | 1.27% | 2.16% |
| ICICI BankBanks | 0.44% | 8.75% |
| Larsen & ToubroConstruction | 0.18% | 4.61% |
| Titan CompanyConsumer Durables | 0.17% | 3.30% |
| Bharti AirtelTelecom - Services | 0.05% | 3.86% |
| Tata SteelFerrous Metals | 0.03% | 3.82% |
| Hindustan AeronauticsAerospace & Defense | 0.01% | 1.78% |
| Mahindra & MahindraAutomobiles | 0.01% | 2.89% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.00% | 2.74% |
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.