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19 of 83 unique stocks in common · Jaccard: 22.9%
A weighted portfolio overlap of 39.24% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹39.24 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.88% in JM Large Cap Fund and 8.66% in SBI Large Cap Fund. 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 JM | in SBI |
|---|---|---|
| ICICI BankBanks | 4.88% | 8.66% |
| State Bank of IndiaBanks | 4.55% | 3.67% |
| HDFC BankBanks | 3.58% | 7.78% |
| Reliance IndustriesPetroleum Products | 3.27% | 3.59% |
| Larsen & ToubroConstruction | 3.07% | 5.43% |
| Kotak Mahindra BankBanks | 2.86% | 3.65% |
| Axis BankBanks | 2.75% | 3.24% |
| Bharti AirtelTelecom - Services | 3.61% | 2.10% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.91% | 3.49% |
| EternalRetailing | 1.88% | 1.73% |
| Tech MahindraIT - Software | 1.70% | 1.92% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 1.66% | 1.37% |
| InfosysIT - Software | 1.18% | 3.66% |
| Samvardhana Motherson InternationalAuto Components | 1.17% | 3.77% |
| Interglobe AviationTransport Services | 1.68% | 1.04% |
| Adani EnterprisesMetals & Minerals Trading | 1.03% | 1.51% |
| Ultratech CementCement & Cement Products | 1.70% | 0.72% |
| Tata SteelFerrous Metals | 1.11% | 0.62% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 2.31% | 0.58% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.