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9 of 72 unique stocks in common · Jaccard: 12.5%
A weighted portfolio overlap of 22.9% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.9 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 4.68% in Lic Mf Focused Fund and 5.47% in SBI Retirement Benefit Fund - Aggressive Plan. 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 | 4.68% | 5.47% |
| State Bank of IndiaBanks | 4.70% | 3.71% |
| Axis BankBanks | 2.89% | 2.85% |
| Maruti Suzuki IndiaAutomobiles | 2.83% | 3.55% |
| Larsen & ToubroConstruction | 2.45% | 4.28% |
| Schaeffler IndiaAuto Components | 4.94% | 2.04% |
| InfosysIT - Software | 1.92% | 2.76% |
| Endurance TechnologiesAuto Components | 2.08% | 1.42% |
| InterGlobe AviationTransport Services | 4.80% | 1.00% |
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.