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18 of 104 unique stocks in common · Jaccard: 17.3%
A weighted portfolio overlap of 31.96% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.96 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 HDFC Bank, which commands a weight of 4.53% in UTI Multi Cap Fund and 10.53% in UTI Nifty 50 ETF. 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 UTI Multi | in UTI Nifty |
|---|---|---|
| HDFC BankBanks | 4.53% | 10.53% |
| ICICI BankBanks | 3.89% | 8.30% |
| Kotak Mahindra BankBanks | 4.03% | 2.61% |
| InfosysIT - Software | 2.52% | 3.76% |
| Reliance IndustriesPetroleum Products | 2.30% | 8.25% |
| Bajaj FinanceFinance | 2.25% | 2.25% |
| Bharti AirtelTelecom - Services | 1.78% | 5.19% |
| Tata Consultancy ServicesIT - Software | 1.60% | 2.13% |
| Larsen & ToubroConstruction | 1.57% | 4.42% |
| Maruti Suzuki IndiaAutomobiles | 1.36% | 1.59% |
| Axis BankBanks | 1.28% | 3.41% |
| Ultratech CementCement & Cement Products | 1.53% | 1.26% |
| Power Grid Corporation of IndiaPower | 1.20% | 1.22% |
| Coal IndiaConsumable Fuels | 1.12% | 0.96% |
| Tata SteelFerrous Metals | 0.91% | 1.59% |
| SBI Life Insurance CompanyInsurance | 1.45% | 0.76% |
| Tata Motors Passenger VehiclesAutomobiles | 1.21% | 0.76% |
| Titan CompanyConsumer Durables | 0.42% | 1.55% |
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.