Loading fund overlap…
4 of 50 unique stocks in common · Jaccard: 8%
A weighted portfolio overlap of 19.4% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.4 is allocated to the exact same companies at the same relative proportions. The schemes share 4 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.09% in Mirae Asset Focused Fund and 7.74% in SBI Focused 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 Mirae | in SBI |
|---|---|---|
| ICICI BankBanks | 9.09% | 7.74% |
| Bharti AirtelTelecom - Services | 5.92% | 5.52% |
| Bajaj FinanceFinance | 3.22% | 9.20% |
| Sona BLW Precision ForgingsAuto Components | 3.09% | 2.92% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.