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7 of 67 unique stocks in common · Jaccard: 10.4%
A weighted portfolio overlap of 9.3% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.3 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Bharti Airtel, which commands a weight of 9.02% in Nippon India Consumption Fund and 3.27% in SBI Equity Hybrid Fund. Holding both schemes increases your concentration in Bharti Airtel 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 |
|---|---|---|
| Bharti AirtelTelecom - Services | 9.02% | 3.27% |
| Avenue SupermartsRetailing | 4.91% | 1.59% |
| Page IndustriesTextiles & Apparels | 2.76% | 1.44% |
| HDFC BankBanks | 1.33% | 2.39% |
| ITCDiversified FMCG | 6.54% | 0.79% |
| United BreweriesBeverages | 4.32% | 0.47% |
| Westlife FoodworldLeisure Services | 1.11% | 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.