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4 of 86 unique stocks in common · Jaccard: 4.7%
A weighted portfolio overlap of 6.74% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.74 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 State Bank of India, which commands a weight of 2.48% in Back to Index and 3.70% in SBI Nifty 50 ETF. Holding both schemes increases your concentration in State Bank of India 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 |
|---|---|---|
| State Bank of IndiaBanks | 2.48% | 3.70% |
| Bajaj FinanceFinance | 2.49% | 2.25% |
| Shriram FinanceFinance | 3.56% | 1.23% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.87% | 0.78% |
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.