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23 of 241 unique stocks in common · Jaccard: 9.5%
A weighted portfolio overlap of 12.19% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹12.19 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is Tech Mahindra, which commands a weight of 2.38% in Tata India Innovation Fund and 1.65% in UTI Nifty500 Shariah Index Fund. Holding both schemes increases your concentration in Tech Mahindra 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 | in UTI |
|---|---|---|
| Tech MahindraIT - Software | 2.38% | 1.65% |
| InfosysIT - Software | 1.47% | 7.13% |
| Samvardhana Motherson InternationalAuto Components | 1.49% | 1.13% |
| Hero MotoCorpAutomobiles | 2.30% | 1.11% |
| Cummins IndiaIndustrial Products | 1.06% | 1.39% |
| Dixon Technologies (India)Consumer Durables | 1.73% | 0.83% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 0.82% | 0.70% |
| SwiggyRetailing | 1.42% | 0.62% |
| Vishal Mega MartRetailing | 2.43% | 0.45% |
| Havells IndiaConsumer Durables | 0.42% | 0.52% |
| ThermaxElectrical Equipment | 2.61% | 0.34% |
| CG Power and Industrial SolutionsElectrical Equipment | 0.33% | 1.10% |
| Aster DM HealthcareHealthcare Services | 0.71% | 0.32% |
| JB Chemicals & PharmaceuticalsPharmaceuticals & Biotechnology | 1.32% | 0.31% |
| WockhardtPharmaceuticals & Biotechnology | 1.63% | 0.29% |
| Acutaas ChemicalsPharmaceuticals & Biotechnology | 2.60% | 0.28% |
| Carborundum UniversalIndustrial Products | 0.86% | 0.21% |
| Firstsource SolutionsCommercial Services & Supplies | 1.74% | 0.15% |
| Syngene InternationalHealthcare Services | 0.88% | 0.15% |
| eClerx ServicesCommercial Services & Supplies | 0.83% | 0.11% |
| JSW DuluxConsumer Durables | 0.57% | 0.10% |
| Sonata SoftwareIT - Software | 1.10% | 0.09% |
| TBO TekLeisure Services | 1.24% | 0.07% |
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.