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12 of 92 unique stocks in common · Jaccard: 13%
A weighted portfolio overlap of 29.36% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.36 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.03% in Nippon India Focused Equity Fund and 8.94% in SBI ELSS Tax Saver 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 | 8.03% | 8.94% |
| Reliance IndustriesPetroleum Products | 4.62% | 4.81% |
| HDFC BankBanks | 9.41% | 2.91% |
| State Bank of IndiaBanks | 2.60% | 3.62% |
| HDFC Life Insurance CompanyInsurance | 2.24% | 1.96% |
| Axis BankBanks | 7.36% | 1.86% |
| FSN E-Commerce VenturesRetailing | 3.28% | 1.86% |
| Tech MahindraIT - Software | 2.06% | 1.81% |
| Medplus Health ServicesRetailing | 1.85% | 1.24% |
| InfosysIT - Software | 5.11% | 1.00% |
| Bharat ForgeAuto Components | 2.88% | 0.93% |
| Cholamandalam Financial HoldingsFinance | 2.00% | 0.54% |
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.