Loading fund overlap…
36 of 847 unique stocks in common · Jaccard: 4.3%
A weighted portfolio overlap of 6.33% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.33 is allocated to the exact same companies at the same relative proportions. The schemes share 36 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 1.81% in Back to Index and 1.33% in SBI Conservative Hybrid Fund. Holding both schemes increases your concentration in Axis 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 |
|---|---|---|
| Axis BankBanks | 1.81% | 1.33% |
| Reliance IndustriesPetroleum Products | 4.83% | 1.24% |
| HDFC BankBanks | 5.87% | 0.84% |
| Asian PaintsConsumer Durables | 0.55% | 1.85% |
| Bajaj FinservFinance | 0.49% | 1.18% |
| HDFC Life Insurance CompanyInsurance | 0.32% | 1.00% |
| Godrej Consumer ProductsPersonal Products | 0.21% | 0.42% |
| Max Financial ServicesInsurance | 0.21% | 0.68% |
| Shree CementCement & Cement Products | 0.16% | 0.52% |
| VoltasConsumer Durables | 0.16% | 0.39% |
| BioconPharmaceuticals & Biotechnology | 0.13% | 1.66% |
| Jubilant FoodworksLeisure Services | 0.09% | 0.36% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.07% | 0.73% |
| Aptus Value Housing Finance IndiaFinance | 0.05% | 0.36% |
| Carborundum UniversalIndustrial Products | 0.05% | 0.49% |
| Escorts KubotaAgricultural, Commercial & Construction Vehicles | 0.05% | 0.31% |
| Sundram FastenersAuto Components | 0.05% | 0.18% |
| Grindwell NortonIndustrial Products | 0.04% | 0.90% |
| Afcons InfrastructureConstruction | 0.03% | 0.26% |
| Avanti FeedsFood Products | 0.03% | 0.91% |
| Hatsun Agro ProductFood Products | 0.03% | 0.70% |
| Aether IndustriesChemicals & Petrochemicals | 0.02% | 0.98% |
| Finolex IndustriesIndustrial Products | 0.02% | 0.47% |
| Graphite IndiaIndustrial Products | 0.02% | 0.86% |
| Kansai Nerolac PaintsConsumer Durables | 0.02% | 0.22% |
| Restaurant Brands AsiaLeisure Services | 0.02% | 0.27% |
| G R InfraprojectsConstruction | 0.01% | 0.51% |
| Ganesha EcosphereTextiles & Apparels | 0.01% | 0.15% |
| Garware Technical FibresTextiles & Apparels | 0.01% | 0.14% |
| Kingfa Science & Technology IndiaIndustrial Products | 0.01% | 2.00% |
| Nuvoco Vistas CorporationCement & Cement Products | 0.01% | 0.23% |
| PNC InfratechConstruction | 0.01% | 0.22% |
| Sheela FoamConsumer Durables | 0.01% | 0.20% |
| Styrenix Performance MaterialsChemicals & Petrochemicals | 0.01% | 0.26% |
| VST IndustriesCigarettes & Tobacco Products | 0.01% | 0.58% |
| Wonderla HolidaysLeisure Services | 0.01% | 0.47% |
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.