Nippon India Small Cap Fund vs Quant Small Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
4.0%
Low overlap
Largely different portfolios.
10
Common stocks
89
Only in Nippon India Small Cap Fund
79
Only in Quant Small Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
10 common stocks
Nippon India Small Cap FundQuant Small Cap Fund| Stock | Nippon India Small Cap Fund | Quant Small Cap Fund | Overlap |
|---|---|---|---|
| Zydus Wellness LtdConsumer Staples | 1.10% | 1.35% | 1.10% |
| Aster Dm Healthcare LtdHealthcare | 0.80% | 2.27% | 0.80% |
| Pfizer LtdHealthcare | 0.68% | 2.14% | 0.68% |
| Sona Blw Precision Forgings LtdConsumer Discretionary | 0.47% | 2.62% | 0.47% |
| RBL Bank LtdFinancial Services | 0.41% | 4.51% | 0.41% |
| K.P.R. Mill LtdConsumer Discretionary | 0.49% | 0.23% | 0.23% |
| Delhivery LtdTransportation & Logistics | 0.58% | 0.12% | 0.12% |
| Bharat Heavy Electricals LtdIndustrials | 1.85% | 0.09% | 0.09% |
| Sudarshan Chemical Indus. LtdMaterials | 0.39% | 0.07% | 0.07% |
| Emami LtdConsumer Staples | 0.74% | 0.06% | 0.06% |
| Total | 7.51% | 13.46% | 4.03% |
Only in Nippon India Small Cap Fund
89 stocks, 60.0% of the fund
- TD Power Systems LtdIndustrials1.82%
- Apar Industries LtdIndustrials1.73%
- HDFC Bank LtdFinancial Services1.71%
- Karur Vysya Bank LtdFinancial Services1.34%
- State Bank Of IndiaFinancial Services1.28%
- Sundram Fasteners LtdConsumer Discretionary1.24%
- Acme Solar Holdings LtdUtilities1.19%
- SAI Life Sciences LtdHealthcare1.16%
- Multi Commodity Exchange of India LtdFinancial Services1.15%
- Avalon Technologies LtdIndustrials1.12%
Only in Quant Small Cap Fund
79 stocks, 75.5% of the fund
- HFCL LtdCommunication Services6.70%
- Adani Enterprises LtdMaterials4.30%
- Adani Power LtdUtilities3.34%
- Aegis Logistics LtdEnergy3.21%
- Welspun Corp LtdIndustrials2.98%
- Anand Rathi Wealth LtdFinancial Services2.94%
- Piramal Finance LtdFinancial Services2.80%
- Manappuram Finance LtdFinancial Services2.50%
- Adani Green Energy LtdUtilities2.49%
- Capri Global Capital LtdFinancial Services2.40%
Check another pair
More Small 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.