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24 of 56 unique stocks in common · Jaccard: 42.9%
A weighted portfolio overlap of 56.88% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹56.88 is allocated to the exact same companies at the same relative proportions. The schemes share 24 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 17.55% in Back to Index and 10.53% in SBI Nifty 50 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% | 10.53% |
| ICICI BankBanks | 13.42% | 8.30% |
| Bharti AirtelTelecom - Services | 8.60% | 5.19% |
| InfosysIT - Software | 6.16% | 3.76% |
| State Bank of IndiaBanks | 6.59% | 3.70% |
| Axis BankBanks | 5.41% | 3.41% |
| Kotak Mahindra BankBanks | 4.19% | 2.62% |
| Bajaj FinanceFinance | 3.72% | 2.25% |
| Tata Consultancy ServicesIT - Software | 3.75% | 2.13% |
| NTPCPower | 2.81% | 1.70% |
| EternalRetailing | 2.64% | 1.67% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 1.82% | 1.23% |
| Shriram FinanceFinance | 1.95% | 1.23% |
| Power Grid Corporation of IndiaPower | 2.14% | 1.22% |
| HCL TechnologiesIT - Software | 1.88% | 1.15% |
| Bajaj FinservFinance | 1.50% | 0.95% |
| InterGlobe AviationTransport Services | 1.44% | 0.92% |
| Tech MahindraIT - Software | 1.39% | 0.87% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.17% | 0.78% |
| SBI Life Insurance CompanyInsurance | 1.21% | 0.76% |
| Jio Financial ServicesFinance | 1.20% | 0.72% |
| Max Healthcare InstituteHealthcare Services | 1.10% | 0.66% |
| HDFC Life Insurance CompanyInsurance | 0.94% | 0.59% |
| WiproIT - Software | 0.85% | 0.54% |
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.