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13 of 83 unique stocks in common · Jaccard: 15.7%
A weighted portfolio overlap of 23.85% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.85 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 3.31% in Lic Mf Multi Cap Fund and 12.80% in SBI BSE Sensex ETF. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 3.31% | 12.80% |
| ICICI BankBanks | 2.77% | 10.14% |
| Axis BankBanks | 2.44% | 4.15% |
| Kotak Mahindra BankBanks | 2.28% | 3.19% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.81% | 2.19% |
| Maruti Suzuki IndiaAutomobiles | 1.54% | 1.95% |
| InfosysIT - Software | 1.52% | 4.56% |
| State Bank of IndiaBanks | 1.52% | 4.52% |
| Tata Consultancy ServicesIT - Software | 1.46% | 2.58% |
| EternalRetailing | 1.43% | 2.02% |
| Larsen & ToubroConstruction | 1.41% | 5.38% |
| Mahindra & MahindraAutomobiles | 1.25% | 3.07% |
| InterGlobe AviationTransport Services | 1.54% | 1.11% |
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.