Loading fund overlap…
10 of 65 unique stocks in common · Jaccard: 15.4%
A weighted portfolio overlap of 20.93% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.93 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 3.36% in Lic Mf Large & Mid Cap Fund and 4.15% in SBI BSE Sensex ETF. Holding both schemes increases your concentration in Axis 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 |
|---|---|---|
| Axis BankBanks | 3.36% | 4.15% |
| Larsen & ToubroConstruction | 3.10% | 5.38% |
| Bharti AirtelTelecom - Services | 2.89% | 5.89% |
| Bajaj FinanceFinance | 2.97% | 2.73% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.02% | 2.19% |
| Maruti Suzuki IndiaAutomobiles | 2.43% | 1.95% |
| Bharat ElectronicsAerospace & Defense | 2.83% | 1.66% |
| InterGlobe AviationTransport Services | 2.98% | 1.11% |
| Ultratech CementCement & Cement Products | 1.06% | 1.52% |
| TrentRetailing | 2.17% | 1.05% |
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.