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18 of 95 unique stocks in common · Jaccard: 18.9%
A weighted portfolio overlap of 30.97% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.97 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 4.82% in Tata Business Cycle 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 Tata Business | in Tata Flexi |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.82% | 4.31% |
| Axis BankBanks | 3.74% | 3.63% |
| HDFC BankBanks | 3.07% | 5.75% |
| Larsen & ToubroConstruction | 3.09% | 2.75% |
| Ambuja CementsCement & Cement Products | 2.61% | 2.33% |
| HDFC Life Insurance CompanyInsurance | 1.43% | 1.76% |
| Bajaj FinservFinance | 1.40% | 1.89% |
| Emmvee Photovoltaic PowerElectrical Equipment | 1.35% | 1.57% |
| Kotak Mahindra BankBanks | 1.96% | 1.29% |
| Graphite IndiaIndustrial Products | 1.22% | 1.39% |
| Bank of BarodaBanks | 1.78% | 1.21% |
| Jindal SteelFerrous Metals | 3.76% | 1.15% |
| The Ramco CementsCement & Cement Products | 1.66% | 1.08% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 1.67% | 1.03% |
| Dabur IndiaPersonal Products | 1.03% | 1.42% |
| Bharat ForgeAuto Components | 0.99% | 1.21% |
| ITCDiversified FMCG | 0.91% | 1.74% |
| Nuvoco Vistas CorporationCement & Cement Products | 1.45% | 0.79% |
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.