Nippon India Multi Cap Fund vs SBI Multicap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
18.8%
Low overlap
Largely different portfolios.
15
Common stocks
84
Only in Nippon India Multi Cap Fund
53
Only in SBI Multicap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
15 common stocks
Nippon India Multi Cap FundSBI Multicap Fund| Stock | Nippon India Multi Cap Fund | SBI Multicap Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 3.12% | 4.15% | 3.12% |
| HDFC Bank LtdFinancial Services | 6.64% | 2.89% | 2.89% |
| Jubilant Foodworks LtdConsumer Discretionary | 1.63% | 2.22% | 1.63% |
| Axis Bank LtdFinancial Services | 5.14% | 1.38% | 1.38% |
| FSN E-Commerce Ventures LtdConsumer Discretionary | 1.24% | 1.14% | 1.14% |
| Divi'S Laboratories LtdHealthcare | 1.12% | 3.28% | 1.12% |
| Zomato LtdConsumer Discretionary | 1.05% | 1.23% | 1.05% |
| Swiggy LtdConsumer Discretionary | 1.76% | 1.03% | 1.03% |
| EIH LtdConsumer Discretionary | 1.02% | 1.27% | 1.02% |
| Infosys LtdTechnology | 3.43% | 0.97% | 0.97% |
| Vishal Mega Mart LtdConsumer Discretionary | 0.84% | 1.22% | 0.84% |
| Page Industries LtdConsumer Discretionary | 0.81% | 1.12% | 0.81% |
| United Breweries LtdConsumer Staples | 0.63% | 1.55% | 0.63% |
| Berger Paints India LtdConsumer Discretionary | 0.62% | 2.23% | 0.62% |
| Blue Star LtdConsumer Discretionary | 0.52% | 1.50% | 0.52% |
| Total | 29.57% | 27.18% | 18.77% |
Only in Nippon India Multi Cap Fund
84 stocks, 65.9% of the fund
- Larsen & Toubro LtdIndustrials1.79%
- Samvardhana Motherson International LtdConsumer Discretionary1.77%
- Linde India LtdMaterials1.73%
- NTPC LtdUtilities1.73%
- GE T&D India LtdIndustrials1.72%
- Reliance Industries LtdEnergy1.72%
- Max Financial Services LtdFinancial Services1.72%
- Bajaj Finance LtdFinancial Services1.71%
- Mahindra & Mahindra LtdConsumer Discretionary1.56%
- Kennametal India LimtiedIndustrials1.43%
Only in SBI Multicap Fund
53 stocks, 71.8% of the fund
- Adani Enterprises LtdMaterials3.44%
- Adani Power LtdUtilities3.39%
- K.P.R. Mill LtdConsumer Discretionary3.36%
- Kotak Mahindra Bank LtdFinancial Services2.57%
- Aether Industries LtdMaterials2.48%
- Jupiter Life Line Hospitals LtdHealthcare2.41%
- Paradeep Phosphates LtdAgriculture2.28%
- Asian Paints LtdConsumer Discretionary2.16%
- Elgi Equipments LtdIndustrials2.05%
- Lenskart Solutions LtdConsumer Discretionary2.03%
Check another pair
More Multi 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.