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17 of 92 unique stocks in common · Jaccard: 18.5%
A weighted portfolio overlap of 24.75% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.75 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.48% in Nippon India Balanced Advantage Fund and 4.04% in SBI Equity Hybrid 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 | 6.48% | 4.04% |
| Bharti AirtelTelecom - Services | 3.11% | 3.27% |
| HDFC BankBanks | 5.15% | 2.39% |
| Reliance IndustriesPetroleum Products | 3.36% | 2.36% |
| Larsen & ToubroConstruction | 1.80% | 2.50% |
| State Bank of IndiaBanks | 1.69% | 3.79% |
| InfosysIT - Software | 3.40% | 1.65% |
| Avenue SupermartsRetailing | 1.59% | 1.59% |
| Tata Consultancy ServicesIT - Software | 1.16% | 1.08% |
| Coal IndiaConsumable Fuels | 0.91% | 1.80% |
| NTPCPower | 2.89% | 0.88% |
| ITCDiversified FMCG | 2.15% | 0.79% |
| Hindalco IndustriesNon - Ferrous Metals | 0.57% | 1.74% |
| Page IndustriesTextiles & Apparels | 0.56% | 1.44% |
| Jindal SteelFerrous Metals | 0.47% | 1.01% |
| United BreweriesBeverages | 0.88% | 0.47% |
| Westlife FoodworldLeisure Services | 0.39% | 0.41% |
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.