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4 of 53 unique stocks in common · Jaccard: 7.5%
A weighted portfolio overlap of 9.93% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.93 is allocated to the exact same companies at the same relative proportions. The schemes share 4 common holdings.
The largest overlapping asset in their portfolios is Bharti Airtel, which commands a weight of 5.01% in Back to Index and 5.89% in SBI BSE Sensex ETF. Holding both schemes increases your concentration in Bharti Airtel 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 |
|---|---|---|
| Bharti AirtelTelecom - Services | 5.01% | 5.89% |
| EternalRetailing | 5.83% | 2.02% |
| Bharat ElectronicsAerospace & Defense | 2.63% | 1.66% |
| Axis BankBanks | 1.24% | 4.15% |
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.