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32 of 91 unique stocks in common · Jaccard: 35.2%
A weighted portfolio overlap of 30.73% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.73 is allocated to the exact same companies at the same relative proportions. The schemes share 32 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 3.18% in Tata Multi Asset Allocation 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 Multi |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.82% | 3.18% |
| HDFC BankBanks | 3.07% | 2.91% |
| Axis BankBanks | 3.74% | 1.48% |
| Niva Bupa Health Insurance CompanyInsurance | 2.17% | 1.46% |
| Kotak Mahindra BankBanks | 1.96% | 1.39% |
| Larsen & ToubroConstruction | 3.09% | 1.37% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 1.67% | 1.30% |
| Cummins IndiaIndustrial Products | 2.66% | 1.26% |
| PB FintechFinancial Technology (Fintech) | 2.77% | 1.23% |
| Tata SteelFerrous Metals | 2.07% | 1.18% |
| Jindal SteelFerrous Metals | 3.76% | 1.07% |
| Adani Energy SolutionsPower | 2.63% | 0.98% |
| Adani PowerPower | 1.85% | 0.98% |
| Dr. Lal Path LabsHealthcare Services | 1.59% | 0.84% |
| Bank of BarodaBanks | 1.78% | 0.83% |
| MaricoAgricultural Food & Other Products | 1.97% | 0.80% |
| VedantaDiversified Metals | 0.98% | 0.74% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.44% | 0.73% |
| L&T FinanceFinance | 2.97% | 0.68% |
| Godrej PropertiesRealty | 2.05% | 0.62% |
| ICICI Lombard General Insurance CompanyInsurance | 1.53% | 0.61% |
| Ambuja CementsCement & Cement Products | 2.61% | 0.58% |
| Tata CapitalFinance | 0.55% | 0.64% |
| Bajaj FinservFinance | 1.40% | 0.51% |
| KEC InternationalConstruction | 1.21% | 0.51% |
| Graphite IndiaIndustrial Products | 1.22% | 0.50% |
| HDFC Life Insurance CompanyInsurance | 1.43% | 0.50% |
| The Ramco CementsCement & Cement Products | 1.66% | 0.48% |
| ITCDiversified FMCG | 0.91% | 0.44% |
| Gravita IndiaMinerals & Mining | 1.07% | 0.43% |
| Hindustan UnileverDiversified FMCG | 1.01% | 0.34% |
| Five Star Business FinanceFinance | 0.91% | 0.25% |
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.