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6 of 304 unique stocks in common · Jaccard: 2%
A weighted portfolio overlap of 2.51% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹2.51 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Equitas Small Finance Bank, which commands a weight of 0.95% in Back to Index and 1.01% in SBI ELSS Tax Saver Fund. Holding both schemes increases your concentration in Equitas Small Finance 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 |
|---|---|---|
| Equitas Small Finance BankBanks | 0.95% | 1.01% |
| Medplus Health ServicesRetailing | 0.78% | 1.24% |
| Rallis IndiaFertilizers & Agrochemicals | 0.28% | 0.63% |
| Sheela FoamConsumer Durables | 0.24% | 0.81% |
| Prism JohnsonCement & Cement Products | 0.20% | 0.40% |
| The South Indian BankBanks | 1.28% | 0.06% |
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.