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20 of 50 unique stocks in common · Jaccard: 40%
A weighted portfolio overlap of 40.26% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.26 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 ICICI Bank, which commands a weight of 14.84% in HDFC Nifty50 Value 20 ETF and 8.30% in SBI Nifty 50 ETF. Holding both schemes increases your concentration in ICICI 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 HDFC | in SBI |
|---|---|---|
| ICICI BankBanks | 14.84% | 8.30% |
| InfosysIT - Software | 9.97% | 3.76% |
| State Bank of IndiaBanks | 9.80% | 3.70% |
| Axis BankBanks | 9.04% | 3.41% |
| Kotak Mahindra BankBanks | 6.93% | 2.62% |
| ITCDiversified FMCG | 6.77% | 2.56% |
| Tata Consultancy ServicesIT - Software | 5.65% | 2.13% |
| NTPCPower | 4.49% | 1.70% |
| Maruti Suzuki IndiaAutomobiles | 4.22% | 1.59% |
| Hindalco IndustriesNon - Ferrous Metals | 4.00% | 1.51% |
| Power Grid Corporation of IndiaPower | 3.22% | 1.22% |
| HCL TechnologiesIT - Software | 3.06% | 1.15% |
| Bajaj AutoAutomobiles | 2.84% | 1.07% |
| Coal IndiaConsumable Fuels | 2.55% | 0.96% |
| Oil & Natural Gas CorporationOil | 2.53% | 0.95% |
| Tech MahindraIT - Software | 2.31% | 0.87% |
| Tata Motors Passenger VehiclesAutomobiles | 2.02% | 0.76% |
| CiplaPharmaceuticals & Biotechnology | 1.93% | 0.73% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 1.95% | 0.73% |
| WiproIT - Software | 1.43% | 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.