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17 of 43 unique stocks in common · Jaccard: 39.5%
A weighted portfolio overlap of 62.36% indicates a significant overlap (largely the same bets). This means that out of every ₹100 you invest across these two schemes, approximately ₹62.36 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 17.55% in Back to Index and 12.80% in SBI BSE Sensex ETF. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 17.55% | 12.80% |
| ICICI BankBanks | 13.42% | 10.14% |
| Bharti AirtelTelecom - Services | 8.60% | 5.89% |
| InfosysIT - Software | 6.16% | 4.56% |
| State Bank of IndiaBanks | 6.59% | 4.52% |
| Axis BankBanks | 5.41% | 4.15% |
| Kotak Mahindra BankBanks | 4.19% | 3.19% |
| Bajaj FinanceFinance | 3.72% | 2.73% |
| Tata Consultancy ServicesIT - Software | 3.75% | 2.58% |
| NTPCPower | 2.81% | 2.07% |
| EternalRetailing | 2.64% | 2.02% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 1.82% | 1.50% |
| Power Grid Corporation of IndiaPower | 2.14% | 1.49% |
| HCL TechnologiesIT - Software | 1.88% | 1.41% |
| Bajaj FinservFinance | 1.50% | 1.13% |
| InterGlobe AviationTransport Services | 1.44% | 1.11% |
| Tech MahindraIT - Software | 1.39% | 1.07% |
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.