Nippon India Small Cap Fund vs Quant Small Cap Fund
Detailed stock-level portfolio comparison and mutual fund overlap analysis.
Real-World Rupee Impact: What 6.9% Overlap Means for Your Wealth
If you invest an equal ₹1,00,000 portfolio base across both schemes (₹50,000 in Nippon and ₹50,000 in Quant):
The Portfolio Verdict: Should You Hold Both?
Nippon India Small Cap and Quant Small Cap feature remarkably low overlap (<7%). Nippon follows a highly diversified, long-term buy-and-hold strategy with 150+ small-cap stocks, while Quant employs an active, high-turnover quantitative momentum model with concentrated sector bets. Combining these two funds offers exceptional stylistic diversification within the Indian small-cap segment.
How Is This 6.9% Overlap Calculated?
Rather than merely matching stock names, our quantitative engine measures the minimum common portfolio weight for every security intersecting across both statutory AMFI disclosures:
Worked Example with Zydus Wellness Limited:
Nippon allocates 1.09% and Quant allocates 1.30%. Your guaranteed common, duplicated exposure to Zydus Wellness Limited is . Repeating this calculation across all 27 common stocks and summing their minimum common weights produces your exact 6.9% portfolio overlap.
4-Point Audit Checklist: Choosing Between These Two Funds
Category Mandate & Style
Overlap is moderate to low (6.9%). They can comfortably coexist in a portfolio if their market-cap orientation or investing styles (value vs growth) remain complementary.
Expense Ratio (Fee Drag)
Nippon charges 0.68% vs Quant at 0.9%. Over 10–15 years, a 0.20%+ fee difference compounds into lakhs of rupees in net corpus disparity.
Sector & Single-Stock Concentration
Check the combined sector weights below. If both funds heavily tilt toward the same sector (e.g. Banking or Tech), your portfolio is taking on concentrated cyclical risk.
Portfolio Rebalancing Action
Both schemes can be retained if they fit your asset allocation, but ensure your overall portfolio stays capped at 4 to 6 total mutual funds.
Scheme Profile Comparison
| Metric | Nippon India Small Cap Fund | Quant Small Cap Fund |
|---|---|---|
| Fund House / AMC | Nippon India Mutual Fund | Quant Mutual Fund |
| AMFI Direct Scheme Code | 118778 | 120828 |
| Total Equity Holdings | 256 stocks | 104 stocks |
| Expense Ratio (TER) | 0.68% | 0.9% |
| Disclosure Filing Date | Sep 30, 2026 | Sep 30, 2026 |
Top Overlapping Holdings
Companies held simultaneously by both schemes, ranked by cumulative portfolio overlap weight.
| Company Name | Sector | Weight in Nippon | Weight in Quant | Overlap Exposuremin(WA, WB) |
|---|---|---|---|---|
Zydus Wellness LimitedINE768C01028 | Food Products | 1.09% | 1.30% | 1.09% |
Aster DM Quality Care LimitedINE914M01019 | Healthcare Services | 0.76% | 2.09% | 0.76% |
Pfizer LimitedINE182A01018 | Pharmaceuticals & Biotechnology | 0.58% | 1.77% | 0.58% |
Sona BLW Precision Forgings LimitedINE073K01018 | Auto Components | 0.49% | 3.11% | 0.49% |
RBL Bank LimitedINE976G01028 | Banks | 0.45% | 4.78% | 0.45% |
Samvardhana Motherson International LimitedINE775A01035 | Auto Components | 0.34% | 1.22% | 0.34% |
LIC Housing Finance LimitedINE115A01026 | Finance | 0.26% | 0.43% | 0.26% |
Bayer Cropscience LimitedINE462A01022 | Fertilizers & Agrochemicals | 0.25% | 1.06% | 0.25% |
Looking for all 27 overlapping holdings?
This curated snapshot highlights the top 8 common stocks. Use our free, interactive Mutual Fund Overlap Calculator to inspect all common holdings, calculate your Effective Number of Stocks (ENS), and simulate custom rupee allocations (₹ or %).
Sector Allocation Breakdown
How both schemes allocate capital across key Indian economic sectors.
| Sector | Nippon (%) | Quant (%) | Combined Weight (%) |
|---|---|---|---|
| Banks | 7.6% | 6.6% | 14.2% |
| Auto Components | 7.7% | 5.5% | 13.2% |
| Industrial Products | 6.8% | 5.7% | 12.5% |
| Pharmaceuticals & Biotechnology | 5.4% | 7.1% | 12.5% |
| Finance | 4.0% | 8.4% | 12.4% |
| Electrical Equipment | 9.5% | 0.4% | 9.9% |
Frequently Asked Questions
What is the stock overlap between Nippon India Small Cap Fund and Quant Small Cap Fund?
Based on statutory AMFI monthly disclosures as of Sep 30, 2026, the portfolio overlap betweenNippon India Small Cap Fund and Quant Small Cap Fund is 6.9%. They hold 27 stocks in common.
Can I invest in both Nippon India Small Cap Fund and Quant Small Cap Fund simultaneously?
Nippon India Small Cap and Quant Small Cap feature remarkably low overlap (<7%). Nippon follows a highly diversified, long-term buy-and-hold strategy with 150+ small-cap stocks, while Quant employs an active, high-turnover quantitative momentum model with concentrated sector bets. Combining these two funds offers exceptional stylistic diversification within the Indian small-cap segment.
Which fund has a lower expense ratio?
Nippon India Small Cap Fund charges a Total Expense Ratio (TER) of 0.68% (Direct Plan), whileQuant Small Cap Fund charges 0.9% (Direct Plan).Nippon India Small Cap Fund is currently more cost-effective by 0.22%.
Ready to check your overlap?
Stop unknowingly concentrating your portfolio. Analyze your mutual funds in under 30 seconds — completely free.
Start Analysis