Mirae Asset Nifty India Manufacturing ETF vs TATA NIFTY500 MULTICAP INDIA MANUFACTURING 50-30-20 INDEX FUND

Mirae vs Tata· Portfolio Overlap Analysis

65.2%High Overlap
42 common stocksRank #3803 / 20,000

Investor takeaway: These funds overlap 65.2%. Holding both gives you almost no extra diversification. You are effectively paying two expense ratios for the same portfolio core.

Common Holdings (42)

StockWt% in Mirae Asset Nifty India ManufaWt% in TATA NIFTY500 MULTICAP INDIA MOverlap
Mahindra & Mahindra Ltd.
Automobiles
4.53%6.56%4.53%
Reliance Industries Ltd.
Petroleum Products
4.32%8.88%4.32%
Maruti Suzuki India Ltd.
Automobiles
4.33%4.21%4.21%
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals & Biotechnology
4.77%3.98%3.98%
Tata Steel Ltd.
Ferrous Metals
4.55%3.79%3.79%
Bharat Electronics Ltd.
Aerospace & Defense
3.96%3.44%3.44%
Hindalco Industries Ltd.
Non - Ferrous Metals
3.47%2.89%2.89%
JSW Steel Ltd.
Ferrous Metals
3.08%2.57%2.57%
Bajaj Auto Ltd.
Automobiles
2.87%2.39%2.39%
Eicher Motors Ltd.
Automobiles
2.86%2.38%2.38%
Divi's Laboratories Ltd.
Pharmaceuticals & Biotechnology
2.11%1.76%1.76%
Tata Motors Passenger Vehicles Ltd.
Automobiles
2.08%1.73%1.73%
Dr. Reddy's Laboratories Ltd.
Pharmaceuticals & Biotechnology
2.03%1.69%1.69%
Cipla Ltd.
Pharmaceuticals & Biotechnology
1.97%1.64%1.64%
Cummins India Ltd.
Industrial Products
1.64%2.11%1.64%
Hindustan Aeronautics Ltd.
Aerospace & Defense
1.84%1.60%1.60%
Ashok Leyland Ltd.
Agricultural, Commercial & Construction Vehicles
1.50%1.92%1.50%
Lupin Ltd.
Pharmaceuticals & Biotechnology
1.45%1.78%1.45%
Bharat Forge Ltd.
Auto Components
1.32%1.62%1.32%
Suzlon Energy Ltd.
Electrical Equipment
1.29%1.65%1.29%
Polycab India Ltd.
Industrial Products
1.13%1.44%1.13%
Dixon Technologies (India) Ltd.
Consumer Durables
1.12%1.38%1.12%
APL Apollo Tubes Ltd.
Industrial Products
1.01%1.29%1.01%
SRF Ltd.
Chemicals & Petrochemicals
0.96%1.18%0.96%
UPL Ltd.
Fertilizers & Agrochemicals
0.93%1.14%0.93%
Voltas Ltd.
Consumer Durables
0.92%1.13%0.92%
Aurobindo Pharma Ltd.
Pharmaceuticals & Biotechnology
0.89%1.09%0.89%
Alkem Laboratories Ltd.
Pharmaceuticals & Biotechnology
0.86%1.05%0.86%
Bharat Heavy Electricals Ltd.
Electrical Equipment
0.85%1.08%0.85%
Tube Investments of India Ltd.
Auto Components
0.76%0.94%0.76%
Mankind Pharma Ltd.
Pharmaceuticals & Biotechnology
0.66%0.81%0.66%
PI Industries Ltd.
Fertilizers & Agrochemicals
0.65%0.80%0.65%
Supreme Industries Ltd.
Industrial Products
0.64%0.82%0.64%
Sona Blw Precision Forgings Ltd.
Auto Components
0.62%0.76%0.62%
Navin Fluorine International Ltd.
Chemicals & Petrochemicals
0.60%1.12%0.60%
Page Industries Ltd.
Textiles & Apparels
0.52%0.64%0.52%
Astral Ltd.
Industrial Products
0.51%0.65%0.51%
Crompton Greaves Consumer Electricals Ltd.
Consumer Durables
0.43%0.81%0.43%
Kaynes Technology India Ltd.
Industrial Manufacturing
0.30%0.59%0.30%
Himadri Speciality Chemical Ltd.
Chemicals & Petrochemicals
0.30%0.56%0.30%
Castrol India Ltd.
Petroleum Products
0.23%0.44%0.23%
Aditya Birla Real Estate Ltd.
Paper, Forest & Jute Products
0.18%0.33%0.18%

Unique to Mirae Asset Nifty India Manufa

  • Vedanta Ltd.3.16%

Unique to TATA NIFTY500 MULTICAP INDIA M

All top holdings are shared with the other fund.

Sector Overlap Breakdown

Automobiles
15.2% (5)
Pharmaceuticals & Biotechnology
12.9% (8)
Ferrous Metals
6.4% (2)
Aerospace & Defense
5.0% (2)
Industrial Products
4.9% (5)
Petroleum Products
4.5% (2)
Non - Ferrous Metals
2.9% (1)
Auto Components
2.7% (3)
Consumer Durables
2.5% (3)
Electrical Equipment
2.1% (2)
Chemicals & Petrochemicals
1.9% (3)
Fertilizers & Agrochemicals
1.6% (2)
Agricultural, Commercial & Construction Vehicles
1.5% (1)
Textiles & Apparels
0.5% (1)
Industrial Manufacturing
0.3% (1)
Paper, Forest & Jute Products
0.2% (1)

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Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.