How much do Tata Nifty India Digital Exchange Traded Fund and UTI Nifty500 Shariah Index Fund overlap?

They share 22 common holdings, a weighted portfolio overlap of about 19.6% (low overlap — mostly different holdings), as on May 2026. Information only, not investment advice.

What does 19.6% overlap mean?

Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Fund overlap

Tata Nifty India Digital Exchange Traded Fund vs UTI Nifty500 Shariah Index Fund

Tata MF · ETFUTI MF · Index Fund· as on May 2026

Weighted portfolio overlap

19.6%

Low overlap

Common

Only Tata

177

Only UTI

22 of 228 unique stocks in common · Jaccard: 9.6%

Overlap Analysis & Diversification Assessment

A weighted portfolio overlap of 19.6% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.6 is allocated to the exact same companies at the same relative proportions. The schemes share 22 common holdings.

The largest overlapping asset in their portfolios is Infosys, which commands a weight of 6.44% in Tata Nifty India Digital Exchange Traded Fund and 7.13% in UTI Nifty500 Shariah Index Fund. Holding both schemes increases your concentration in Infosys 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).

Common holdings

Stock	in Tata	in UTI
InfosysIT - Software	6.44%	7.13%
Tata Consultancy ServicesIT - Software	6.68%	4.04%
HCL TechnologiesIT - Software	6.11%	2.19%
Tech MahindraIT - Software	5.67%	1.65%
Persistent SystemsIT - Software	3.41%	0.99%
CoforgeIT - Software	2.98%	0.87%
LTIMindtreeIT - Software	2.27%	0.66%
SwiggyRetailing	3.68%	0.62%
MphasisIT - Software	1.81%	0.53%
KPIT TechnologiesIT - Software	0.76%	0.22%
Tata TechnologiesIT - Services	0.73%	0.21%
L&T Technology ServicesIT - Services	0.57%	0.17%
SagilityIT - Services	0.57%	0.17%
Netweb Technologies IndiaIT - Services	0.47%	0.14%
CyientIT - Services	0.46%	0.13%
Hexaware TechnologiesIT - Software	0.45%	0.13%
BirlasoftIT - Software	0.32%	0.09%
Brainbees SolutionsRetailing	0.52%	0.09%
Sonata SoftwareIT - Software	0.31%	0.09%
TBO TekLeisure Services	0.44%	0.07%
ITITelecom - Equipment & Accessories	0.30%	0.05%
RailTel Corporation of IndiaTelecom - Services	0.29%	0.05%

FAQ

How much do Tata Nifty India Digital Exchange Traded Fund and UTI Nifty500 Shariah Index Fund overlap?: They share 22 common holdings, a weighted portfolio overlap of about 19.6% (low overlap — mostly different holdings), as on May 2026. Information only, not investment advice.
What does 19.6% overlap mean?: Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Related comparisons

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.