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27 of 120 unique stocks in common · Jaccard: 22.5%
A weighted portfolio overlap of 33.97% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.97 is allocated to the exact same companies at the same relative proportions. The schemes share 27 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.70% in Back to Index and 4.04% in SBI Equity Hybrid Fund. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 6.70% | 4.04% |
| State Bank of IndiaBanks | 3.29% | 3.79% |
| Bharti AirtelTelecom - Services | 4.30% | 3.27% |
| Larsen & ToubroConstruction | 3.50% | 2.50% |
| HDFC BankBanks | 8.77% | 2.39% |
| Reliance IndustriesPetroleum Products | 7.17% | 2.36% |
| Kotak Mahindra BankBanks | 2.09% | 3.20% |
| Bajaj FinanceFinance | 1.86% | 2.49% |
| InfosysIT - Software | 3.08% | 1.65% |
| Hindalco IndustriesNon - Ferrous Metals | 1.11% | 1.74% |
| Tata Consultancy ServicesIT - Software | 1.87% | 1.08% |
| NTPCPower | 1.40% | 0.88% |
| Asian PaintsConsumer Durables | 0.82% | 1.75% |
| Coal IndiaConsumable Fuels | 0.81% | 1.80% |
| ITCDiversified FMCG | 2.25% | 0.79% |
| InterGlobe AviationTransport Services | 0.72% | 2.25% |
| Adani PowerPower | 0.68% | 4.03% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.61% | 2.62% |
| Max Healthcare InstituteHealthcare Services | 0.55% | 0.80% |
| Avenue SupermartsRetailing | 0.50% | 1.59% |
| Adani Energy SolutionsPower | 0.35% | 3.63% |
| Jindal SteelFerrous Metals | 0.34% | 1.01% |
| DLFRealty | 0.28% | 0.91% |
| Muthoot FinanceFinance | 0.28% | 2.79% |
| Solar Industries IndiaChemicals & Petrochemicals | 0.27% | 3.89% |
| Shree CementCement & Cement Products | 0.24% | 1.78% |
| Varun BeveragesBeverages | 0.52% | 0.21% |
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.