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8 of 61 unique stocks in common · Jaccard: 13.1%
A weighted portfolio overlap of 23.11% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.11 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.03% in Nippon India Active Momentum Fund and 9.70% in SBI Quant 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 Nippon | in SBI |
|---|---|---|
| ICICI BankBanks | 7.03% | 9.70% |
| Bajaj FinanceFinance | 3.73% | 6.38% |
| CoforgeIT - Software | 2.80% | 5.54% |
| Tech MahindraIT - Software | 2.43% | 5.65% |
| Mahindra & Mahindra Financial ServicesFinance | 2.28% | 2.37% |
| L&T FinanceFinance | 2.00% | 1.97% |
| HDFC BankBanks | 5.58% | 1.53% |
| Eicher MotorsAutomobiles | 1.34% | 5.45% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.