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9 of 53 unique stocks in common · Jaccard: 17%
A weighted portfolio overlap of 38.54% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹38.54 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 12.94% in Lic Mf Banking And Financial Services Fund and 12.80% in SBI Banking And Financial Services 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 Lic | in SBI |
|---|---|---|
| ICICI BankBanks | 12.94% | 12.80% |
| Axis BankBanks | 10.25% | 6.21% |
| HDFC BankBanks | 10.60% | 5.90% |
| Kotak Mahindra BankBanks | 5.78% | 9.98% |
| Bajaj FinanceFinance | 4.37% | 2.46% |
| SBI Life Insurance CompanyInsurance | 2.04% | 2.74% |
| Shriram FinanceFinance | 1.76% | 1.83% |
| 360 One WamCapital Markets | 1.78% | 0.85% |
| City Union BankBanks | 1.25% | 0.74% |
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.