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21 of 88 unique stocks in common · Jaccard: 23.9%
A weighted portfolio overlap of 44.28% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹44.28 is allocated to the exact same companies at the same relative proportions. The schemes share 21 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.55% in Nippon India ELSS Tax Saver Fund and 8.30% in SBI Nifty 50 ETF. 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 | 7.55% | 8.30% |
| HDFC BankBanks | 6.11% | 10.53% |
| InfosysIT - Software | 3.90% | 3.76% |
| State Bank of IndiaBanks | 3.49% | 3.70% |
| Axis BankBanks | 3.79% | 3.41% |
| Reliance IndustriesPetroleum Products | 3.14% | 8.25% |
| Larsen & ToubroConstruction | 2.83% | 4.43% |
| NTPCPower | 3.79% | 1.70% |
| ITCDiversified FMCG | 1.63% | 2.56% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.36% | 1.76% |
| EternalRetailing | 1.35% | 1.67% |
| Ultratech CementCement & Cement Products | 1.44% | 1.26% |
| Tata Consultancy ServicesIT - Software | 1.02% | 2.13% |
| Coal IndiaConsumable Fuels | 1.73% | 0.96% |
| InterGlobe AviationTransport Services | 1.60% | 0.92% |
| SBI Life Insurance CompanyInsurance | 1.40% | 0.76% |
| Tata Motors Passenger VehiclesAutomobiles | 1.96% | 0.76% |
| Jio Financial ServicesFinance | 1.01% | 0.72% |
| Tata Consumer ProductsAgricultural Food & Other Products | 1.00% | 0.71% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.50% | 0.78% |
| Oil & Natural Gas CorporationOil | 0.34% | 0.95% |
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.