Mirae Asset Large Cap Fund vs Nippon India Large Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
58.9%
High overlap
Shared stocks are mostly the index's largest.
30
Common stocks
42
Only in Mirae Asset Large Cap Fund
36
Only in Nippon India Large Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
30 common stocks
Mirae Asset Large Cap FundNippon India Large Cap Fund| Stock | Mirae Asset Large Cap Fund | Nippon India Large Cap Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 8.57% | 8.65% | 8.57% |
| ICICI Bank LtdFinancial Services | 8.97% | 6.71% | 6.71% |
| Reliance Industries LtdEnergy | 5.15% | 4.11% | 4.11% |
| Axis Bank LtdFinancial Services | 3.71% | 5.29% | 3.71% |
| Infosys LtdTechnology | 3.93% | 3.63% | 3.63% |
| Larsen & Toubro LtdIndustrials | 3.50% | 3.70% | 3.50% |
| State Bank Of IndiaFinancial Services | 3.18% | 2.95% | 2.95% |
| Mahindra & Mahindra LtdConsumer Discretionary | 3.06% | 2.92% | 2.92% |
| Tata Consultancy Services LtdTechnology | 2.19% | 3.55% | 2.19% |
| ITC LtdConsumer Staples | 2.13% | 2.13% | 2.13% |
| Bajaj Finance LtdFinancial Services | 1.85% | 3.23% | 1.85% |
| Zomato LtdConsumer Discretionary | 2.72% | 1.82% | 1.82% |
| Kotak Mahindra Bank LtdFinancial Services | 1.61% | 1.94% | 1.61% |
| Sun Pharmaceutical Industries LtdHealthcare | 1.44% | 2.26% | 1.44% |
| Maruti Suzuki India LtdConsumer Discretionary | 2.52% | 1.26% | 1.26% |
| HDFC Life Insurance Company LtdFinancial Services | 1.16% | 1.30% | 1.16% |
| NTPC LtdUtilities | 1.05% | 1.82% | 1.05% |
| Trent Ltd [Lakme Ltd]Consumer Discretionary | 0.90% | 1.30% | 0.90% |
| Godrej Consumer Products LtdConsumer Staples | 1.10% | 0.88% | 0.88% |
| SBI Life Insurance Company LtdFinancial Services | 0.86% | 1.08% | 0.86% |
| Indian Hotels Co. LtdConsumer Discretionary | 0.80% | 1.02% | 0.80% |
| Siemens LtdIndustrials | 0.75% | 0.73% | 0.73% |
| Tata Steel LtdMaterials | 1.34% | 0.70% | 0.70% |
| Vedanta Aluminium Metal LtdMaterials | 1.37% | 0.64% | 0.64% |
| Siemens Energy India LtdIndustrials | 1.01% | 0.62% | 0.62% |
| Dr. Reddys Laboratories LtdHealthcare | 0.54% | 0.85% | 0.54% |
| Swiggy LtdConsumer Discretionary | 0.46% | 1.18% | 0.46% |
| Avenue Supermarts LtdConsumer Discretionary | 0.44% | 2.14% | 0.44% |
| Varun Beverages LtdConsumer Staples | 0.88% | 0.44% | 0.44% |
| Life Insurance Corporation Of IndiaFinancial Services | 0.81% | 0.33% | 0.33% |
| Total | 68.00% | 69.18% | 58.95% |
Only in Mirae Asset Large Cap Fund
42 stocks, 31.3% of the fund
- Bharti Airtel LtdCommunication Services5.06%
- Shriram Finance LtdFinancial Services1.97%
- One 97 Communications LtdTechnology1.89%
- Eicher Motors LtdConsumer Discretionary1.51%
- Asian Paints LtdConsumer Discretionary1.50%
- Britannia Industries LtdConsumer Staples1.48%
- Apollo Hospitals Enterprises LtdHealthcare1.28%
- Bharat Petroleum Corpn. LtdEnergy1.22%
- Jindal Steel & Power LtdMaterials1.03%
- JSW Energy LtdUtilities0.90%
Only in Nippon India Large Cap Fund
36 stocks, 30.5% of the fund
- Hindustan Unilever LtdConsumer Staples2.50%
- Samvardhana Motherson International LtdConsumer Discretionary2.00%
- GE T&D India LtdIndustrials1.85%
- Divi'S Laboratories LtdHealthcare1.51%
- Tata Power Co. LtdUtilities1.29%
- Dixon Technologies (India) LtdConsumer Discretionary1.14%
- Bajaj Auto LtdConsumer Discretionary1.07%
- Cipla LtdHealthcare1.06%
- ABB India LtdIndustrials1.03%
- Chalet Hotels LtdConsumer Discretionary0.95%
Check another pair
More Large Cap pairs
- ICICI Prudential Large Cap Fund vs SBI Large Cap Fund
- ICICI Prudential Large Cap Fund vs Nippon India Large Cap Fund
- ICICI Prudential Large Cap Fund vs HDFC Large Cap Fund
- ICICI Prudential Large Cap Fund vs Mirae Asset Large Cap Fund
- SBI Large Cap Fund vs Nippon India Large Cap Fund
- SBI Large Cap Fund vs HDFC Large Cap Fund
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.