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5 of 52 unique stocks in common · Jaccard: 9.6%
A weighted portfolio overlap of 16.36% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.36 is allocated to the exact same companies at the same relative proportions. The schemes share 5 common holdings.
The largest overlapping asset in their portfolios is Eternal, which commands a weight of 5.83% in Back to Index and 5.58% in SBI Nifty India Consumption Index Fund. Holding both schemes increases your concentration in Eternal 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 |
|---|---|---|
| EternalRetailing | 5.83% | 5.58% |
| Bharti AirtelTelecom - Services | 5.01% | 9.50% |
| Max Healthcare InstituteHealthcare Services | 2.23% | 2.22% |
| TVS Motor CompanyAutomobiles | 2.08% | 2.44% |
| Dixon Technologies (India)Consumer Durables | 3.54% | 1.47% |
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.