Loading fund overlap…
18 of 160 unique stocks in common · Jaccard: 11.3%
A weighted portfolio overlap of 13.4% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.4 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.61% in Nippon India Arbitrage Fund and 2.39% in SBI Equity Hybrid Fund. 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 Nippon | in SBI |
|---|---|---|
| HDFC BankBanks | 5.61% | 2.39% |
| Reliance IndustriesPetroleum Products | 1.92% | 2.36% |
| Coal IndiaConsumable Fuels | 1.60% | 1.80% |
| Larsen & ToubroConstruction | 1.45% | 2.50% |
| State Bank of IndiaBanks | 1.35% | 3.79% |
| InfosysIT - Software | 1.28% | 1.65% |
| Tata Consultancy ServicesIT - Software | 1.12% | 1.08% |
| NTPCPower | 1.64% | 0.88% |
| Bharti AirtelTelecom - Services | 0.47% | 3.27% |
| Jindal SteelFerrous Metals | 0.44% | 1.01% |
| ITCDiversified FMCG | 0.18% | 0.79% |
| Hindalco IndustriesNon - Ferrous Metals | 0.15% | 1.74% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.06% | 2.62% |
| AstralIndustrial Products | 0.05% | 1.00% |
| DLFRealty | 0.03% | 0.91% |
| Oberoi RealtyRealty | 0.03% | 0.91% |
| Shree CementCement & Cement Products | 0.03% | 1.78% |
| Asian PaintsConsumer Durables | 0.01% | 1.75% |
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.