Nippon India Nifty Midcap 150 Index Fund vs TATA NIFTY MIDCAP 150 INDEX FUND

Nippon vs Tata· Portfolio Overlap Analysis

99.8%High Overlap

149 common stocksRank #1015 / 5,000

Investor takeaway: These funds overlap 99.8%. Holding both gives you almost no extra diversification. You are effectively paying two expense ratios for the same portfolio core.

Common Holdings (149)

Stock	Wt% in Nippon India Nifty Midcap 150	Wt% in TATA NIFTY MIDCAP 150 INDEX	Overlap
BSE Limited Capital Markets	2.93%	2.93%	2.93%
Hero MotoCorp Limited Automobiles	1.96%	1.96%	1.96%
The Federal Bank Limited Banks	1.96%	1.96%	1.96%
Cummins India Limited Industrial Products	1.75%	1.75%	1.75%
IndusInd Bank Limited Banks	1.67%	1.67%	1.67%
Ashok Leyland Limited Agricultural, Commercial & Construction Vehicles	1.60%	1.60%	1.60%
Indus Towers Limited Telecom - Services	1.56%	1.56%	1.56%
Lupin Limited Pharmaceuticals & Biotechnology	1.48%	1.48%	1.48%
HDFC Asset Management Company Limited Capital Markets	1.46%	1.46%	1.46%
AU Small Finance Bank Limited Banks	1.43%	1.43%	1.43%
Suzlon Energy Limited Electrical Equipment	1.37%	1.37%	1.37%
Persistent Systems Limited IT - Software	1.37%	1.37%	1.37%
Bharat Forge Limited Auto Components	1.35%	1.35%	1.35%
PB Fintech Limited Financial Technology (Fintech)	1.34%	1.34%	1.34%
Fortis Healthcare Limited Healthcare Services	1.30%	1.30%	1.30%
IDFC First Bank Limited Banks	1.29%	1.29%	1.29%
Max Financial Services Limited Insurance	1.27%	1.27%	1.27%
GE Vernova T&D India Limited Electrical Equipment	1.26%	1.26%	1.26%
Polycab India Limited Industrial Products	1.20%	1.20%	1.20%
One 97 Communications Limited Financial Technology (Fintech)	1.18%	1.18%	1.18%
Dixon Technologies (India) Limited Consumer Durables	1.15%	1.15%	1.15%
Hindustan Petroleum Corporation Limited Petroleum Products	1.12%	1.12%	1.12%
Marico Limited Agricultural Food & other Products	1.11%	1.11%	1.11%
APL Apollo Tubes Limited Industrial Products	1.08%	1.08%	1.08%
Swiggy Limited Retailing	1.07%	1.07%	1.07%
Coforge Limited IT - Software	1.05%	1.05%	1.05%
Union Bank of India Banks	1.04%	1.04%	1.04%
Sundaram Finance Limited Finance	1.01%	1.01%	1.01%
SRF Limited Chemicals & Petrochemicals	0.99%	0.99%	0.99%
Yes Bank Limited Banks	0.96%	0.96%	0.96%
FSN E-Commerce Ventures Limited Retailing	0.96%	0.96%	0.96%
UPL Limited Fertilizers & Agrochemicals	0.95%	0.95%	0.95%
Muthoot Finance Limited Finance	0.95%	0.95%	0.95%
GMR Airports Limited Transport Infrastructure	0.95%	0.95%	0.95%
Voltas Limited Consumer Durables	0.94%	0.94%	0.94%
Indian Bank Banks	0.93%	0.93%	0.93%
Bharat Heavy Electricals Limited Electrical Equipment	1.03%	0.90%	0.90%
Aurobindo Pharma Limited Pharmaceuticals & Biotechnology	0.90%	0.90%	0.90%
Alkem Laboratories Limited Pharmaceuticals & Biotechnology	0.87%	0.87%	0.87%
Hitachi Energy India Limited Electrical Equipment	0.86%	0.86%	0.86%
Glenmark Pharmaceuticals Limited Pharmaceuticals & Biotechnology	0.85%	0.85%	0.85%
National Aluminium Company Limited Non - Ferrous Metals	0.84%	0.84%	0.84%
KEI Industries Limited Industrial Products	0.83%	0.83%	0.83%
The Phoenix Mills Limited Realty	0.82%	0.82%	0.82%
Dabur India Limited Personal Products	0.81%	0.81%	0.81%
Colgate Palmolive (India) Limited Personal Products	0.79%	0.79%	0.79%
Torrent Power Limited Power	0.79%	0.79%	0.79%
Tube Investments of India Limited Auto Components	0.78%	0.78%	0.78%
Vodafone Idea Limited Telecom - Services	0.78%	0.78%	0.78%
MRF Limited Auto Components	0.76%	0.75%	0.75%
NMDC Limited Minerals & Mining	0.75%	0.75%	0.75%
360 One WAM Limited Capital Markets	0.74%	0.74%	0.74%
Biocon Limited Pharmaceuticals & Biotechnology	0.74%	0.74%	0.74%
Coromandel International Limited Fertilizers & Agrochemicals	0.70%	0.70%	0.70%
Aditya Birla Capital Limited Finance	0.70%	0.70%	0.70%
Oil India Limited Oil	0.70%	0.70%	0.70%
Waaree Energies Limited Electrical Equipment	0.69%	0.69%	0.69%
Mphasis Limited IT - Software	0.69%	0.69%	0.69%
Supreme Industries Limited Industrial Products	0.68%	0.68%	0.68%
ICICI Prudential Life Insurance Company Limited Insurance	0.68%	0.68%	0.68%
Godrej Properties Limited Realty	0.68%	0.68%	0.68%
Blue Star Limited Consumer Durables	0.67%	0.67%	0.67%
PI Industries Limited Fertilizers & Agrochemicals	0.67%	0.67%	0.67%
Mankind Pharma Limited Pharmaceuticals & Biotechnology	0.67%	0.67%	0.67%
Jindal Stainless Limited Ferrous Metals	0.66%	0.66%	0.66%
Mahindra & Mahindra Financial Services Limited Finance	0.66%	0.66%	0.66%
Vishal Mega Mart Limited Retailing	0.66%	0.66%	0.66%
Sona BLW Precision Forgings Limited Auto Components	0.64%	0.64%	0.64%
Steel Authority of India Limited Ferrous Metals	0.64%	0.64%	0.64%
Petronet LNG Limited Gas	0.64%	0.64%	0.64%
JK Cement Limited Cement & Cement Products	0.63%	0.63%	0.63%
NHPC Limited Power	0.63%	0.63%	0.63%
L&T Finance Limited Finance	0.62%	0.62%	0.62%
SBI Cards and Payment Services Limited Finance	0.62%	0.62%	0.62%
Prestige Estates Projects Limited Realty	0.62%	0.62%	0.62%
UNO Minda Limited Auto Components	0.57%	0.57%	0.57%
Bank of India Banks	0.57%	0.57%	0.57%
IPCA Laboratories Limited Pharmaceuticals & Biotechnology	0.56%	0.56%	0.56%
Astral Limited Industrial Products	0.54%	0.54%	0.54%
Jubilant Foodworks Limited Leisure Services	0.54%	0.54%	0.54%
Page Industries Limited Textiles & Apparels	0.54%	0.54%	0.54%
Balkrishna Industries Limited Auto Components	0.51%	0.51%	0.51%
Apar Industries Limited Electrical Equipment	0.50%	0.50%	0.50%
Tata Communications Limited Telecom - Services	0.50%	0.50%	0.50%
Rail Vikas Nigam Limited Construction	0.48%	0.48%	0.48%
Oberoi Realty Limited Realty	0.48%	0.48%	0.48%
Patanjali Foods Limited Agricultural Food & other Products	0.46%	0.46%	0.46%
Schaeffler India Limited Auto Components	0.46%	0.46%	0.46%
Indian Railway Catering And Tourism Corporation Limited Leisure Services	0.46%	0.46%	0.46%
Container Corporation of India Limited Transport Services	0.45%	0.45%	0.45%
Oracle Financial Services Software Limited IT - Software	0.44%	0.44%	0.44%
ITC Hotels Limited Leisure Services	0.44%	0.44%	0.44%
LIC Housing Finance Limited Finance	0.43%	0.43%	0.43%
Dalmia Bharat Limited Cement & Cement Products	0.42%	0.42%	0.42%
Kalyan Jewellers India Limited Consumer Durables	0.42%	0.42%	0.42%
Lloyds Metals And Energy Limited Minerals & Mining	0.42%	0.42%	0.42%
Tata Elxsi Limited IT - Software	0.41%	0.41%	0.41%
Exide Industries Limited Auto Components	0.40%	0.40%	0.40%
Bank of Maharashtra Banks	0.40%	0.40%	0.40%
AIA Engineering Limited Industrial Products	0.40%	0.40%	0.40%
Apollo Tyres Limited Auto Components	0.39%	0.39%	0.39%
Gujarat Fluorochemicals Limited Chemicals & Petrochemicals	0.39%	0.39%	0.39%
Adani Total Gas Limited Gas	0.38%	0.38%	0.38%
Linde India Limited Chemicals & Petrochemicals	0.38%	0.37%	0.37%
Abbott India Limited Pharmaceuticals & Biotechnology	0.37%	0.37%	0.37%
Berger Paints (I) Limited Consumer Durables	0.34%	0.34%	0.34%
KPIT Technologies Limited IT - Software	0.33%	0.33%	0.33%
Cochin Shipyard Limited Industrial Manufacturing	0.33%	0.33%	0.33%
Ajanta Pharma Limited Pharmaceuticals & Biotechnology	0.33%	0.33%	0.33%
Thermax Limited Electrical Equipment	0.32%	0.32%	0.32%
Indraprastha Gas Limited Gas	0.32%	0.32%	0.32%
Bharti Hexacom Limited Telecom - Services	0.32%	0.32%	0.32%
Bharat Dynamics Limited Aerospace & Defense	0.31%	0.31%	0.31%
Escorts Kubota Limited Agricultural, Commercial & Construction Vehicles	0.31%	0.31%	0.31%
United Breweries Limited Beverages	0.31%	0.31%	0.31%
General Insurance Corporation of India Insurance	0.31%	0.31%	0.31%
Motilal Oswal Financial Services Limited Capital Markets	0.30%	0.30%	0.30%
Deepak Nitrite Limited Chemicals & Petrochemicals	0.29%	0.29%	0.29%
3M India Limited Diversified	0.28%	0.28%	0.28%
CRISIL Limited Finance	0.28%	0.28%	0.28%
Procter & Gamble Hygiene and Health Care Limited Personal Products	0.28%	0.28%	0.28%
GlaxoSmithKline Pharmaceuticals Limited Pharmaceuticals & Biotechnology	0.28%	0.28%	0.28%
Tata Technologies Limited IT - Services	0.27%	0.27%	0.27%
K.P.R. Mill Limited Textiles & Apparels	0.27%	0.27%	0.27%
ACC Limited Cement & Cement Products	0.26%	0.26%	0.26%
Indian Renewable Energy Development Agency Limited Finance	0.26%	0.26%	0.26%
Global Health Limited Healthcare Services	0.26%	0.26%	0.26%
L&T Technology Services Limited IT - Services	0.26%	0.26%	0.26%
Endurance Technologies Limited Auto Components	0.25%	0.25%	0.25%
Housing & Urban Development Corporation Limited Finance	0.25%	0.25%	0.25%
AWL Agri Business Limited Agricultural Food & other Products	0.23%	0.23%	0.23%
Godfrey Phillips India Limited Cigarettes & Tobacco Products	0.23%	0.23%	0.23%
Tata Investment Corporation Limited Finance	0.23%	0.23%	0.23%
IRB Infrastructure Developers Limited Construction	0.22%	0.22%	0.22%
Premier Energies Limited Electrical Equipment	0.22%	0.22%	0.22%
NLC India Limited Power	0.22%	0.22%	0.22%
NTPC Green Energy Limited Power	0.22%	0.22%	0.22%
JSW Infrastructure Ltd Transport Infrastructure	0.22%	0.22%	0.22%
Syngene International Limited Healthcare Services	0.21%	0.21%	0.21%
Gujarat Gas Limited Gas	0.19%	0.19%	0.19%
Hexaware Technologies Limited IT - Software	0.19%	0.19%	0.19%
Honeywell Automation India Limited Industrial Manufacturing	0.18%	0.18%	0.18%
IDBI Bank Limited Banks	0.17%	0.17%	0.17%
Indian Overseas Bank Banks	0.14%	0.14%	0.14%
SJVN Limited Power	0.14%	0.14%	0.14%
Fertilizers and Chemicals Travancore Limited Fertilizers & Agrochemicals	0.12%	0.12%	0.12%
Godrej Industries Limited Diversified	0.11%	0.11%	0.11%
UCO Bank Banks	0.09%	0.09%	0.09%
The New India Assurance Company Limited Insurance	0.09%	0.09%	0.09%

Unique to Nippon India Nifty Midcap 150

All top holdings are shared with the other fund.

Unique to TATA NIFTY MIDCAP 150 INDEX

All top holdings are shared with the other fund.

Sector Overlap Breakdown

Banks

10.7% (12)

Pharmaceuticals & Biotechnology

7.0% (10)

Industrial Products

6.5% (7)

Electrical Equipment

6.1% (8)

Auto Components

6.1% (10)

Finance

6.0% (11)

Capital Markets

5.4% (4)

IT - Software

4.5% (7)

Consumer Durables

3.5% (5)

Telecom - Services

3.2% (4)

Retailing

2.7% (3)

Realty

2.6% (4)

Financial Technology (Fintech)

2.5% (2)

Fertilizers & Agrochemicals

2.4% (4)

Insurance

2.4% (4)

Chemicals & Petrochemicals

2.0% (4)

Power

2.0% (5)

Automobiles

2.0% (1)

Agricultural, Commercial & Construction Vehicles

1.9% (2)

Personal Products

1.9% (3)

Agricultural Food & other Products

1.8% (3)

Healthcare Services

1.8% (3)

Gas

1.5% (4)

Leisure Services

1.4% (3)

Cement & Cement Products

1.3% (3)

Ferrous Metals

1.3% (2)

Transport Infrastructure

1.2% (2)

Minerals & Mining

1.2% (2)

Petroleum Products

1.1% (1)

Non - Ferrous Metals

0.8% (1)

Textiles & Apparels

0.8% (2)

Oil

0.7% (1)

Construction

0.7% (2)

IT - Services

0.5% (2)

Industrial Manufacturing

0.5% (2)

Transport Services

0.5% (1)

Diversified

0.4% (2)

Aerospace & Defense

0.3% (1)

Beverages

0.3% (1)

Cigarettes & Tobacco Products

0.2% (1)

More comparisons for Nippon India Nifty Midcap 150

vs Nippon India ETF Nifty Midcap 99.9% · 149 stocks
vs HDFC NIFTY MIDCAP 150 ETF99.6% · 149 stocks
vs ICICI Prudential Nifty Midcap 99.5% · 149 stocks
vs Motilal Oswal Nifty Midcap 15099.5% · 149 stocks
vs ICICI Prudential Nifty Midcap 99.5% · 149 stocks

More comparisons for TATA NIFTY MIDCAP 150 INDEX

vs HDFC NIFTY MIDCAP 150 ETF99.9% · 150 stocks
vs ICICI Prudential Nifty Midcap 99.8% · 150 stocks
vs ICICI Prudential Nifty Midcap 99.8% · 150 stocks
vs Motilal Oswal Nifty Midcap 15099.8% · 150 stocks
vs Mirae Asset Nifty Midcap 150 E99.8% · 150 stocks

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