HDFC NIFTY NEXT 50 ETF vs Mirae Asset Nifty Next 50 ETF
Portfolio Overlap Analysis · HDFC vs Mirae
Common Holdings (50)
| Stock | Wt% in HDFC NIFTY NEXT 50 ETF | Wt% in Mirae Asset Nifty Next 50 ETF | Overlap |
|---|---|---|---|
Vedanta Ltd. Diversified Metals | 5.24% | 5.24% | 5.24% |
TVS Motor Company Ltd. Automobiles | 3.91% | 3.91% | 3.91% |
Divis Laboratories Ltd. Pharmaceuticals & Biotechnology | 3.50% | 3.50% | 3.50% |
Bharat Petroleum Corporation Ltd. Petroleum Products | 3.21% | 3.21% | 3.21% |
Hindustan Aeronautics Limited Aerospace & Defense | 3.19% | 3.19% | 3.19% |
Cholamandalam Investment & Finance Co. Ltd. Finance | 3.15% | 3.15% | 3.15% |
Britannia Industries Ltd. Food Products | 3.04% | 3.04% | 3.04% |
Indian Oil Corporation Ltd. Petroleum Products | 3.01% | 3.01% | 3.01% |
The Tata Power Company Ltd. Power | 2.73% | 2.73% | 2.73% |
Varun Beverages Ltd Beverages | 2.66% | 2.66% | 2.66% |
Power Finance Corporation Ltd. Finance | 2.59% | 2.59% | 2.59% |
Bank of Baroda Banks | 2.57% | 2.57% | 2.57% |
Samvardhana Motherson International Ltd. Auto Components | 2.55% | 2.55% | 2.55% |
Indian Hotels Company Ltd. Leisure Services | 2.52% | 2.52% | 2.52% |
Avenue Supermarts Ltd. Retailing | 2.44% | 2.44% | 2.44% |
Adani Power (Mundra) Limited Power | 2.38% | 2.38% | 2.38% |
Canara Bank Banks | 2.28% | 2.28% | 2.28% |
CG Power and Industrial Solutions Ltd. Electrical Equipment | 2.14% | 2.14% | 2.14% |
Godrej Consumer Products Ltd. Personal Products | 2.11% | 2.11% | 2.11% |
Bajaj Holdings & Investment Ltd Finance | 2.01% | 2.01% | 2.01% |
Jindal Steel Limited. Ferrous Metals | 2.00% | 2.00% | 2.00% |
Pidilite Industries Ltd. Chemicals & Petrochemicals | 1.99% | 1.99% | 1.99% |
ICICI Lombard General Insurance Co Insurance | 1.98% | 1.98% | 1.98% |
GAIL (India) Ltd. Gas | 1.97% | 1.97% | 1.97% |
Torrent Pharmaceuticals Ltd. Pharmaceuticals & Biotechnology | 1.95% | 1.95% | 1.95% |
Punjab National Bank Banks | 1.92% | 1.92% | 1.92% |
REC Limited. Finance | 1.88% | 1.88% | 1.88% |
LTIMindtree Limited IT - Software | 1.78% | 1.78% | 1.78% |
United Spirits Limited Beverages | 1.75% | 1.75% | 1.75% |
INFO EDGE (INDIA) LIMITED Retailing | 1.72% | 1.72% | 1.72% |
DLF LIMITED Realty | 1.67% | 1.67% | 1.67% |
Havells India Ltd. Consumer Durables | 1.52% | 1.52% | 1.52% |
Adani Energy Solutions Limited Power | 1.51% | 1.51% | 1.51% |
Shree Cement Ltd. Cement & Cement Products | 1.50% | 1.50% | 1.50% |
Solar Industries India Ltd. Chemicals & Petrochemicals | 1.41% | 1.41% | 1.41% |
ABB India Ltd. Electrical Equipment | 1.37% | 1.37% | 1.37% |
Bosch Limited Auto Components | 1.36% | 1.36% | 1.36% |
Hyundai Motor India Limited Automobiles | 1.33% | 1.33% | 1.33% |
Ambuja Cements Ltd. Cement & Cement Products | 1.31% | 1.31% | 1.31% |
Siemens Ltd. Electrical Equipment | 1.30% | 1.30% | 1.30% |
Adani Green Energy Limited Power | 1.25% | 1.25% | 1.25% |
Lodha Developers Limited Realty | 1.20% | 1.20% | 1.20% |
Hindustan Zinc Ltd. Non - Ferrous Metals | 1.13% | 1.13% | 1.13% |
JSW Energy Ltd. Power | 1.13% | 1.13% | 1.13% |
Siemens Energy India Limited Electrical Equipment | 1.11% | 1.11% | 1.11% |
Zydus Lifesciences Limited Pharmaceuticals & Biotechnology | 0.99% | 0.99% | 0.99% |
Life Insurance Corporation of India Insurance | 0.81% | 0.81% | 0.81% |
Indian Railways Finance Corp. Ltd. Finance | 0.80% | 0.80% | 0.80% |
Mazagon Dock Shipbuilders Ltd Industrial Manufacturing | 0.73% | 0.73% | 0.73% |
Bajaj Housing Finance Ltd. Finance | 0.35% | 0.35% | 0.35% |
Unique to HDFC NIFTY NEXT 50 ETF
All top holdings are shared with the other fund.
Unique to Mirae Asset Nifty Next 50 ETF
All top holdings are shared with the other fund.
Sector Overlap Breakdown
Analysis
HDFC NIFTY NEXT 50 ETF and Mirae Asset Nifty Next 50 ETF show 100.0% overlap, which is high in MFXray's current universe. This pair ranks #93 out of 95,528 analyzed combinations. The catch is that this is a cross-AMC pair, so changing fund houses here does not really change the portfolio underneath.
The overlap is being driven mainly by finance exposure, which alone contributes 10.8% of the shared book. The biggest common positions are Vedanta Ltd., TVS Motor Company Ltd., and Divis Laboratories Ltd.. Those names account for a large chunk of why the two funds move similarly.
HDFC NIFTY NEXT 50 ETF still keeps some identity through very little that stands apart in the top holdings, while Mirae Asset Nifty Next 50 ETF leans on very little that stands apart in the top holdings. That matters because the common core is doing most of the heavy lifting, and the unique sleeve around it is relatively small.
The practical takeaway is simple: holding both funds is likely giving you more duplication than diversification. This is the kind of pair that deserves a second look before you assume you are spreading risk.
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Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.