Loading fund overlap…
11 of 49 unique stocks in common · Jaccard: 22.4%
A weighted portfolio overlap of 23.81% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.81 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.12% in Back to Index and 10.14% in SBI BSE Sensex ETF. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 4.12% | 10.14% |
| Reliance IndustriesPetroleum Products | 3.34% | 10.08% |
| Hindustan UnileverDiversified FMCG | 2.25% | 2.16% |
| NTPCPower | 2.97% | 2.07% |
| EternalRetailing | 3.95% | 2.02% |
| State Bank of IndiaBanks | 1.98% | 4.52% |
| Maruti Suzuki IndiaAutomobiles | 2.35% | 1.95% |
| Titan CompanyConsumer Durables | 3.00% | 1.88% |
| Bharat ElectronicsAerospace & Defense | 1.84% | 1.66% |
| Ultratech CementCement & Cement Products | 2.48% | 1.52% |
| InterGlobe AviationTransport Services | 1.94% | 1.11% |
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.