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11 of 59 unique stocks in common · Jaccard: 18.6%
A weighted portfolio overlap of 36.47% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹36.47 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 17.57% in Tata Nifty Financial Services Index Fund and 9.85% in UTI Nifty 50 Index Fund. Holding both schemes increases your concentration in HDFC 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 Tata | in UTI |
|---|---|---|
| HDFC BankBanks | 17.57% | 9.85% |
| ICICI BankBanks | 15.33% | 9.45% |
| State Bank of IndiaBanks | 10.60% | 3.98% |
| Axis BankBanks | 9.68% | 3.39% |
| Kotak Mahindra BankBanks | 9.80% | 2.80% |
| Bajaj FinanceFinance | 8.99% | 2.57% |
| Shriram FinanceFinance | 4.93% | 1.41% |
| Bajaj FinservFinance | 3.71% | 1.06% |
| Jio Financial ServicesFinance | 2.50% | 0.72% |
| SBI Life Insurance CompanyInsurance | 2.48% | 0.71% |
| HDFC Life Insurance CompanyInsurance | 1.86% | 0.53% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.