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7 of 79 unique stocks in common · Jaccard: 8.9%
A weighted portfolio overlap of 12.19% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹12.19 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 State Bank of India, which commands a weight of 8.15% in Nippon India ETF Nifty Dividend Opportunities 50 and 8.67% in SBI Banking And Financial Services Fund. Holding both schemes increases your concentration in State Bank of India 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 |
|---|---|---|
| State Bank of IndiaBanks | 8.15% | 8.67% |
| Bank of BarodaBanks | 1.35% | 2.95% |
| HDFC Asset Management CompanyCapital Markets | 1.00% | 1.17% |
| LIC Housing FinanceFinance | 0.52% | 0.92% |
| Bank of IndiaBanks | 0.49% | 0.82% |
| Mahindra & Mahindra Financial ServicesFinance | 0.40% | 0.98% |
| Manappuram FinanceFinance | 0.28% | 1.28% |
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.