Loading fund overlap…
6 of 58 unique stocks in common · Jaccard: 10.3%
A weighted portfolio overlap of 14.28% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹14.28 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 5.03% in quant Quantamental Fund and 8.30% in UTI Nifty 50 ETF. Holding both schemes increases your concentration in ICICI Bank 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 quant | in UTI |
|---|---|---|
| ICICI BankBanks | 5.03% | 8.30% |
| Larsen & ToubroConstruction | 4.87% | 4.42% |
| Reliance IndustriesPetroleum Products | 2.58% | 8.25% |
| Tech MahindraIT - Software | 6.94% | 0.87% |
| Adani EnterprisesMetals & Minerals Trading | 11.05% | 0.78% |
| HDFC Life Insurance CompanyInsurance | 4.59% | 0.59% |
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.