HSBC Value Fund vs Nippon India Value Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
28.0%
Moderate overlap
Some shared stocks, different bets.
20
Common stocks
64
Only in HSBC Value Fund
70
Only in Nippon India Value Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
20 common stocks
HSBC Value FundNippon India Value Fund| Stock | HSBC Value Fund | Nippon India Value Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 4.15% | 6.86% | 4.15% |
| ICICI Bank LtdFinancial Services | 4.20% | 3.46% | 3.46% |
| State Bank Of IndiaFinancial Services | 3.17% | 4.53% | 3.17% |
| Reliance Industries LtdEnergy | 2.79% | 2.71% | 2.71% |
| Larsen & Toubro LtdIndustrials | 2.16% | 2.05% | 2.05% |
| NTPC LtdUtilities | 1.55% | 3.42% | 1.55% |
| Maruti Suzuki India LtdConsumer Discretionary | 1.49% | 1.97% | 1.49% |
| Jindal Steel & Power LtdMaterials | 1.32% | 1.60% | 1.32% |
| Bharti Airtel LtdCommunication Services | 1.22% | 2.65% | 1.22% |
| Axis Bank LtdFinancial Services | 1.19% | 3.79% | 1.19% |
| Trent Ltd [Lakme Ltd]Consumer Discretionary | 1.26% | 1.10% | 1.10% |
| Infosys LtdTechnology | 0.92% | 1.66% | 0.92% |
| Jubilant Foodworks LtdConsumer Discretionary | 1.11% | 0.85% | 0.85% |
| Kotak Mahindra Bank LtdFinancial Services | 0.77% | 3.08% | 0.77% |
| Angel One LtdFinancial Services | 1.26% | 0.59% | 0.59% |
| Mahindra & Mahindra LtdConsumer Discretionary | 0.90% | 0.48% | 0.48% |
| ITC LtdConsumer Staples | 0.43% | 1.71% | 0.43% |
| Finolex Cables LtdIndustrials | 2.43% | 0.25% | 0.25% |
| Multi Commodity Exchange of India LtdFinancial Services | 1.47% | 0.19% | 0.19% |
| Somany Ceramics LtdConsumer Discretionary | 0.13% | 0.18% | 0.13% |
| Total | 33.92% | 43.13% | 28.02% |
Only in HSBC Value Fund
64 stocks, 62.5% of the fund
- Karur Vysya Bank LtdFinancial Services3.57%
- Federal Bank LtdFinancial Services3.37%
- PNB Housing Finance LtdFinancial Services2.66%
- Balrampur Chini Mills LtdConsumer Staples2.32%
- Shriram Finance LtdFinancial Services2.25%
- Hero Motocorp LtdConsumer Discretionary2.07%
- Indian BankFinancial Services2.00%
- Tech Mahindra LtdTechnology1.99%
- Jindal Saw LtdIndustrials1.60%
- Pearl Global Industries LtdConsumer Discretionary1.38%
Only in Nippon India Value Fund
70 stocks, 55.1% of the fund
- Indusind Bank LtdFinancial Services2.84%
- Bharat Heavy Electricals LtdIndustrials2.50%
- Piramal Finance LtdFinancial Services2.32%
- Bajaj Finance LtdFinancial Services2.09%
- Kaynes Technology India LtdIndustrials2.08%
- Tata Consultancy Services LtdTechnology2.04%
- Swiggy LtdConsumer Discretionary1.87%
- PG Electroplast LtdConsumer Discretionary1.64%
- Torrent Pharmaceuticals LtdHealthcare1.56%
- Asian Paints LtdConsumer Discretionary1.52%
Check another pair
More Value 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.