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28 of 111 unique stocks in common · Jaccard: 25.2%
A weighted portfolio overlap of 30.47% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.47 is allocated to the exact same companies at the same relative proportions. The schemes share 28 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.80% in Nippon India Multi Asset Allocation Fund and 9.45% 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 | 3.80% | 9.45% |
| HDFC BankBanks | 2.98% | 9.85% |
| Axis BankBanks | 2.22% | 3.39% |
| State Bank of IndiaBanks | 1.88% | 3.98% |
| EternalRetailing | 1.69% | 2.15% |
| Mahindra & MahindraAutomobiles | 1.60% | 2.66% |
| InfosysIT - Software | 1.54% | 3.61% |
| Reliance IndustriesPetroleum Products | 1.46% | 7.83% |
| Hindustan UnileverDiversified FMCG | 1.18% | 1.58% |
| Kotak Mahindra BankBanks | 1.17% | 2.80% |
| Bajaj AutoAutomobiles | 1.08% | 1.22% |
| NTPCPower | 1.02% | 1.41% |
| Titan CompanyConsumer Durables | 0.90% | 1.91% |
| TrentRetailing | 1.37% | 0.87% |
| Oil & Natural Gas CorporationOil | 0.84% | 0.82% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.77% | 1.91% |
| Bajaj FinservFinance | 0.71% | 1.06% |
| Bharti AirtelTelecom - Services | 0.63% | 5.00% |
| Shriram FinanceFinance | 0.60% | 1.41% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.54% | 0.61% |
| ITCDiversified FMCG | 0.47% | 2.23% |
| Interglobe AviationTransport Services | 0.45% | 1.07% |
| Bajaj FinanceFinance | 0.44% | 2.57% |
| Tech MahindraIT - Software | 0.40% | 0.94% |
| HDFC Life Insurance CompanyInsurance | 0.36% | 0.53% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.34% | 0.83% |
| Grasim IndustriesCement & Cement Products | 0.34% | 1.15% |
| Ultratech CementCement & Cement Products | 0.21% | 1.23% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.