HDFC Mid-Cap Fund vs Nippon India Growth Mid Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
30.6%
Moderate overlap
Some shared stocks, different bets.
31
Common stocks
48
Only in HDFC Mid-Cap Fund
67
Only in Nippon India Growth Mid Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
31 common stocks
HDFC Mid-Cap FundNippon India Growth Mid Cap Fund| Stock | HDFC Mid-Cap Fund | Nippon India Growth Mid Cap Fund | Overlap |
|---|---|---|---|
| AU Small Finance Bank LtdFinancial Services | 3.98% | 2.93% | 2.93% |
| Federal Bank LtdFinancial Services | 4.21% | 2.80% | 2.80% |
| Fortis Healthcare LtdHealthcare | 2.69% | 2.61% | 2.61% |
| Persistent Systems LtdTechnology | 1.78% | 1.76% | 1.76% |
| Gland Pharma LtdHealthcare | 1.62% | 1.55% | 1.55% |
| Max Financial Services LtdFinancial Services | 3.79% | 1.48% | 1.48% |
| Zomato LtdConsumer Discretionary | 1.30% | 2.39% | 1.30% |
| Bharat Forge LtdConsumer Discretionary | 1.25% | 2.05% | 1.25% |
| Alkem Laboratories LtdHealthcare | 1.61% | 1.25% | 1.25% |
| Ipca Laboratories LtdHealthcare | 3.30% | 1.17% | 1.17% |
| Cummins India LtdIndustrials | 1.92% | 1.17% | 1.17% |
| Indian BankFinancial Services | 3.06% | 1.12% | 1.12% |
| Indian Hotels Co. LtdConsumer Discretionary | 0.96% | 1.10% | 0.96% |
| ICICI Lombard General Insurance Company LtdFinancial Services | 0.87% | 1.79% | 0.87% |
| Balkrishna Industries LtdConsumer Discretionary | 3.02% | 0.85% | 0.85% |
| Mahindra & Mahindra Financial Services LtdFinancial Services | 2.28% | 0.75% | 0.75% |
| Vishal Mega Mart LtdConsumer Discretionary | 2.31% | 0.74% | 0.74% |
| Dixon Technologies (India) LtdConsumer Discretionary | 0.71% | 1.19% | 0.71% |
| Hindustan Petroleum Corporation LtdEnergy | 2.05% | 0.65% | 0.65% |
| Union Bank Of IndiaFinancial Services | 1.57% | 0.58% | 0.58% |
| Mphasis LtdTechnology | 1.61% | 0.55% | 0.55% |
| Supreme Industries LtdIndustrials | 0.54% | 0.83% | 0.54% |
| Gujarat Fluorochemicals LtdMaterials | 0.60% | 0.54% | 0.54% |
| Sundram Fasteners LtdConsumer Discretionary | 0.80% | 0.48% | 0.48% |
| Coromandel International LtdAgriculture | 1.08% | 0.44% | 0.44% |
| Timken India LtdIndustrials | 0.57% | 0.39% | 0.39% |
| Cholamandalam Financial Holdings LtdFinancial Services | 0.31% | 1.53% | 0.31% |
| Crompton Greaves Consumer Electricals LtdConsumer Discretionary | 0.63% | 0.27% | 0.27% |
| Tata Communications LtdCommunication Services | 1.77% | 0.19% | 0.19% |
| Colgate-Palmolive (India) LtdConsumer Staples | 0.19% | 0.47% | 0.19% |
| LG Electronics India�LtdConsumer Discretionary | 0.16% | 0.56% | 0.16% |
| Total | 52.54% | 36.18% | 30.56% |
Only in HDFC Mid-Cap Fund
48 stocks, 40.4% of the fund
- Glenmark Pharmaceuticals LtdHealthcare3.07%
- Coforge LtdTechnology2.86%
- Marico LtdConsumer Staples2.29%
- Aurobindo Pharma LtdHealthcare2.12%
- United Spirits LtdConsumer Staples1.93%
- Apollo Tyres LtdConsumer Discretionary1.70%
- PB Fintech LtdTechnology1.69%
- Jindal Steel & Power LtdMaterials1.62%
- Dabur India LtdConsumer Staples1.47%
- Bosch LtdConsumer Discretionary1.44%
Only in Nippon India Growth Mid Cap Fund
67 stocks, 62.4% of the fund
- Multi Commodity Exchange of India LtdFinancial Services2.80%
- Info Edge (India) LtdConsumer Discretionary2.64%
- BSE LtdFinancial Services2.45%
- REC LtdFinancial Services2.20%
- One 97 Communications LtdTechnology2.00%
- GE T&D India LtdIndustrials1.99%
- Mankind Pharma LtdHealthcare1.81%
- Varun Beverages LtdConsumer Staples1.72%
- Samvardhana Motherson International LtdConsumer Discretionary1.70%
- Voltas LtdConsumer Discretionary1.58%
Check another pair
More Mid Cap pairs
What is mutual fund portfolio overlap?
Portfolio overlap is the share of two funds' money that sits in the same stocks in the same amounts. Two flexi cap funds that both hold HDFC Bank, ICICI Bank and Reliance overlap by the smaller of their weights in each of those stocks.
How is portfolio overlap calculated?
For every stock both funds hold, take the smaller of the two weights, then add them up. If one fund holds HDFC Bank at 8% and the other at 5%, that stock adds 5% to the overlap. Only shares count; cash, bonds, deposits and REITs are left out. The figures use each fund's latest monthly portfolio disclosure.
Is high overlap between two funds bad?
Not by itself. RuDo studied 33,153 pairs of diversified equity funds over five years to September 2026. Funds from different fund houses with 50% to 70% overlap shared mostly the index's largest stocks, and holding both still made returns swing 12% to 15% less around the index than holding either one. Overlap above 70% came mostly from two funds of the same fund house, which hold nearly the same portfolio.
How often does the overlap change?
Fund houses disclose their portfolios every month, so the overlap is refreshed as each new disclosure arrives. It moves slowly for most diversified funds and faster for focused or high-turnover funds.
Based on each fund's monthly portfolio disclosure. Past performance does not indicate future returns.