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23 of 57 unique stocks in common · Jaccard: 40.4%
A weighted portfolio overlap of 42.88% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.88 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 3.94% in Back to Index and 10.53% in SBI Nifty 50 ETF. Holding both schemes increases your concentration in HDFC Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Back | in SBI |
|---|---|---|
| HDFC BankBanks | 3.94% | 10.53% |
| ICICI BankBanks | 3.71% | 8.30% |
| Bharti AirtelTelecom - Services | 3.40% | 5.19% |
| Larsen & ToubroConstruction | 3.34% | 4.43% |
| Reliance IndustriesPetroleum Products | 3.29% | 8.25% |
| State Bank of IndiaBanks | 3.17% | 3.70% |
| ITCDiversified FMCG | 3.47% | 2.56% |
| Tata Consultancy ServicesIT - Software | 3.04% | 2.13% |
| Hindustan UnileverDiversified FMCG | 3.62% | 1.77% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.20% | 1.76% |
| NTPCPower | 3.41% | 1.70% |
| Maruti Suzuki IndiaAutomobiles | 3.11% | 1.59% |
| Titan CompanyConsumer Durables | 3.33% | 1.55% |
| Ultratech CementCement & Cement Products | 3.53% | 1.26% |
| Asian PaintsConsumer Durables | 3.32% | 1.12% |
| Grasim IndustriesCement & Cement Products | 3.19% | 1.10% |
| Coal IndiaConsumable Fuels | 3.28% | 0.96% |
| Nestle IndiaFood Products | 3.91% | 0.94% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.22% | 0.78% |
| SBI Life Insurance CompanyInsurance | 3.22% | 0.76% |
| CiplaPharmaceuticals & Biotechnology | 3.11% | 0.73% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 3.05% | 0.73% |
| HDFC Life Insurance CompanyInsurance | 3.02% | 0.59% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.