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18 of 56 unique stocks in common · Jaccard: 32.1%
A weighted portfolio overlap of 39.38% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹39.38 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 8.73% in Back to Index and 7.85% in SBI Energy Opportunities Fund. 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 | 8.73% | 7.85% |
| Oil & Natural Gas CorporationOil | 9.62% | 7.24% |
| NTPCPower | 6.54% | 4.89% |
| GAIL (India)Gas | 4.48% | 6.91% |
| Petronet LNGGas | 2.11% | 4.02% |
| Bharat Petroleum CorporationPetroleum Products | 1.80% | 4.07% |
| Indian Oil CorporationPetroleum Products | 1.57% | 2.78% |
| Adani Energy SolutionsPower | 1.61% | 1.36% |
| Indraprastha GasGas | 1.19% | 2.02% |
| Torrent PowerPower | 1.14% | 3.64% |
| ThermaxElectrical Equipment | 1.09% | 5.50% |
| JSW EnergyPower | 1.05% | 4.06% |
| Power Grid Corporation of IndiaPower | 4.98% | 0.98% |
| NHPCPower | 0.91% | 0.97% |
| SiemensElectrical Equipment | 2.33% | 0.73% |
| Adani PowerPower | 3.17% | 0.51% |
| CESCPower | 0.41% | 2.48% |
| Oil IndiaOil | 2.72% | 0.07% |
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.