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20 of 112 unique stocks in common · Jaccard: 17.9%
A weighted portfolio overlap of 28.53% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.53 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 9.31% in Nippon India Large Cap Fund and 7.18% in SBI Large and Midcap Fund. 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 | 9.31% | 7.18% |
| Axis BankBanks | 4.46% | 3.30% |
| State Bank of IndiaBanks | 6.04% | 2.81% |
| ICICI BankBanks | 6.47% | 2.65% |
| Reliance IndustriesPetroleum Products | 7.30% | 2.55% |
| Hindustan UnileverDiversified FMCG | 1.40% | 1.09% |
| Tata SteelFerrous Metals | 1.58% | 1.06% |
| InfosysIT - Software | 3.32% | 1.03% |
| HDFC Life Insurance CompanyInsurance | 0.89% | 1.94% |
| Samvardhana Motherson InternationalAuto Components | 0.85% | 1.01% |
| Jindal SteelFerrous Metals | 0.71% | 2.18% |
| HCL TechnologiesIT - Software | 1.88% | 0.66% |
| Godrej Consumer ProductsPersonal Products | 0.61% | 1.23% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.70% | 0.56% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.55% | 1.81% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.54% | 1.40% |
| Colgate Palmolive (India)Personal Products | 0.48% | 2.17% |
| HDFC Asset Management CompanyCapital Markets | 1.04% | 0.38% |
| Page IndustriesTextiles & Apparels | 0.36% | 1.18% |
| United BreweriesBeverages | 0.27% | 1.62% |
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.