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27 of 53 unique stocks in common · Jaccard: 50.9%
A weighted portfolio overlap of 72.37% indicates a significant overlap (largely the same bets). This means that out of every ₹100 you invest across these two schemes, approximately ₹72.37 is allocated to the exact same companies at the same relative proportions. The schemes share 27 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 13.51% in Nippon India ETF S&P BSE Sensex and 10.23% in SBI Nifty 50 ETF. 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 | 13.51% | 10.23% |
| ICICI BankBanks | 9.48% | 9.18% |
| Reliance IndustriesPetroleum Products | 11.86% | 7.89% |
| Larsen & ToubroConstruction | 4.98% | 4.12% |
| Bharti AirtelTelecom - Services | 3.93% | 5.36% |
| State Bank of IndiaBanks | 3.72% | 3.79% |
| InfosysIT - Software | 5.95% | 3.54% |
| Axis BankBanks | 3.88% | 3.15% |
| ITCDiversified FMCG | 4.78% | 2.42% |
| Mahindra & MahindraAutomobiles | 2.42% | 2.71% |
| Tata Consultancy ServicesIT - Software | 4.59% | 2.16% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.90% | 1.88% |
| Titan CompanyConsumer Durables | 1.76% | 1.80% |
| Hindustan UnileverDiversified FMCG | 2.34% | 1.67% |
| Maruti Suzuki IndiaAutomobiles | 2.08% | 1.66% |
| NTPCPower | 2.02% | 1.47% |
| Tata SteelFerrous Metals | 1.58% | 1.40% |
| HCL TechnologiesIT - Software | 1.70% | 1.27% |
| Ultratech CementCement & Cement Products | 1.35% | 1.26% |
| Power Grid Corporation of IndiaPower | 1.61% | 1.15% |
| Asian PaintsConsumer Durables | 1.52% | 1.11% |
| Bajaj FinservFinance | 1.03% | 1.05% |
| JSW SteelFerrous Metals | 0.99% | 1.06% |
| Nestle IndiaFood Products | 1.05% | 0.97% |
| Tech MahindraIT - Software | 0.92% | 0.94% |
| Tata Motors Passenger VehiclesAutomobiles | 2.12% | 0.63% |
| WiproIT - Software | 0.76% | 0.44% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.