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15 of 119 unique stocks in common · Jaccard: 12.6%
A weighted portfolio overlap of 30.51% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.51 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.08% in Nippon India Multi Cap Fund and 12.80% in SBI BSE Sensex 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 | 6.08% | 12.80% |
| ICICI BankBanks | 3.66% | 10.14% |
| Axis BankBanks | 3.17% | 4.15% |
| Reliance IndustriesPetroleum Products | 2.79% | 10.08% |
| State Bank of IndiaBanks | 2.49% | 4.52% |
| Larsen & ToubroConstruction | 2.24% | 5.38% |
| NTPCPower | 2.20% | 2.07% |
| ITCDiversified FMCG | 1.92% | 3.12% |
| EternalRetailing | 1.33% | 2.02% |
| HCL TechnologiesIT - Software | 1.16% | 1.41% |
| InfosysIT - Software | 1.02% | 4.56% |
| TrentRetailing | 1.01% | 1.05% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.76% | 2.19% |
| Mahindra & MahindraAutomobiles | 0.57% | 3.07% |
| Tata SteelFerrous Metals | 0.24% | 1.94% |
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.