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7 of 45 unique stocks in common · Jaccard: 15.6%
A weighted portfolio overlap of 22.39% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.39 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Larsen & Toubro, which commands a weight of 15.35% in Bharat 22 ETF and 5.38% in SBI BSE Sensex ETF. Holding both schemes increases your concentration in Larsen & Toubro 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 Bharat | in SBI |
|---|---|---|
| Larsen & ToubroConstruction | 15.35% | 5.38% |
| State Bank of IndiaBanks | 8.07% | 4.52% |
| Axis BankBanks | 7.42% | 4.15% |
| ITCDiversified FMCG | 14.04% | 3.12% |
| NTPCPower | 10.50% | 2.07% |
| Bharat ElectronicsAerospace & Defense | 4.74% | 1.66% |
| Power Grid Corporation of IndiaPower | 7.55% | 1.49% |
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.