Loading fund overlap…
20 of 60 unique stocks in common · Jaccard: 33.3%
A weighted portfolio overlap of 17.54% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.54 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is Hindalco Industries, which commands a weight of 6.27% in DSP BSE Sensex Next 30 ETF and 1.51% in SBI Nifty 50 ETF. Holding both schemes increases your concentration in Hindalco 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 DSP | in SBI |
|---|---|---|
| Hindalco IndustriesNon - Ferrous Metals | 6.27% | 1.51% |
| Shriram FinanceFinance | 5.10% | 1.23% |
| JSW SteelFerrous Metals | 4.59% | 1.11% |
| Grasim IndustriesCement & Cement Products | 4.60% | 1.10% |
| Bajaj AutoAutomobiles | 4.30% | 1.07% |
| Coal IndiaConsumable Fuels | 4.04% | 0.96% |
| Oil & Natural Gas CorporationOil | 4.01% | 0.95% |
| Nestle IndiaFood Products | 3.93% | 0.94% |
| Eicher MotorsAutomobiles | 3.81% | 0.91% |
| Adani EnterprisesMetals & Minerals Trading | 3.02% | 0.78% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.23% | 0.78% |
| SBI Life Insurance CompanyInsurance | 3.20% | 0.76% |
| Tata Motors Passenger VehiclesAutomobiles | 3.19% | 0.76% |
| CiplaPharmaceuticals & Biotechnology | 3.06% | 0.73% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 3.07% | 0.73% |
| Jio Financial ServicesFinance | 3.00% | 0.72% |
| Tata Consumer ProductsAgricultural Food & Other Products | 2.93% | 0.71% |
| Max Healthcare InstituteHealthcare Services | 2.76% | 0.66% |
| HDFC Life Insurance CompanyInsurance | 2.48% | 0.59% |
| WiproIT - Software | 2.24% | 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.