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34 of 111 unique stocks in common · Jaccard: 30.6%
A weighted portfolio overlap of 37.17% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.17 is allocated to the exact same companies at the same relative proportions. The schemes share 34 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 6.60% in Back to Index and 8.25% in SBI Nifty 50 ETF. Holding both schemes increases your concentration in Reliance Industries 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 6.60% | 8.25% |
| HDFC BankBanks | 5.22% | 10.53% |
| Bharti AirtelTelecom - Services | 4.47% | 5.19% |
| Kotak Mahindra BankBanks | 2.64% | 2.62% |
| Axis BankBanks | 2.38% | 3.41% |
| EternalRetailing | 1.61% | 1.67% |
| Mahindra & MahindraAutomobiles | 1.61% | 2.52% |
| Maruti Suzuki IndiaAutomobiles | 1.61% | 1.59% |
| Grasim IndustriesCement & Cement Products | 1.30% | 1.10% |
| Bharat ElectronicsAerospace & Defense | 1.01% | 1.36% |
| ICICI BankBanks | 0.77% | 8.30% |
| Jio Financial ServicesFinance | 0.88% | 0.72% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.71% | 1.76% |
| InterGlobe AviationTransport Services | 0.70% | 0.92% |
| ITCDiversified FMCG | 0.70% | 2.56% |
| Shriram FinanceFinance | 0.64% | 1.23% |
| State Bank of IndiaBanks | 0.58% | 3.70% |
| CiplaPharmaceuticals & Biotechnology | 0.55% | 0.73% |
| Titan CompanyConsumer Durables | 0.54% | 1.55% |
| Adani EnterprisesMetals & Minerals Trading | 0.39% | 0.78% |
| JSW SteelFerrous Metals | 0.39% | 1.11% |
| Bajaj FinanceFinance | 0.33% | 2.25% |
| Bajaj FinservFinance | 0.33% | 0.95% |
| Eicher MotorsAutomobiles | 0.30% | 0.91% |
| Asian PaintsConsumer Durables | 0.29% | 1.12% |
| Tata SteelFerrous Metals | 0.28% | 1.59% |
| Larsen & ToubroConstruction | 0.19% | 4.43% |
| HDFC Life Insurance CompanyInsurance | 0.16% | 0.59% |
| Max Healthcare InstituteHealthcare Services | 0.14% | 0.66% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.13% | 1.23% |
| Ultratech CementCement & Cement Products | 0.06% | 1.26% |
| Hindalco IndustriesNon - Ferrous Metals | 0.03% | 1.51% |
| Hindustan UnileverDiversified FMCG | 0.02% | 1.77% |
| Oil & Natural Gas CorporationOil | 0.01% | 0.95% |
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.