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17 of 171 unique stocks in common · Jaccard: 9.9%
A weighted portfolio overlap of 19.19% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.19 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.12% in Nippon India Multi Cap Fund and 4.15% in SBI MultiCap 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 | 3.12% | 4.15% |
| HDFC BankBanks | 6.64% | 2.89% |
| Jubilant FoodworksLeisure Services | 1.63% | 2.22% |
| Axis BankBanks | 5.14% | 1.38% |
| FSN E-Commerce VenturesRetailing | 1.24% | 1.14% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.12% | 3.28% |
| EternalRetailing | 1.05% | 1.23% |
| SwiggyRetailing | 1.76% | 1.03% |
| EIHLeisure Services | 1.02% | 1.27% |
| InfosysIT - Software | 3.43% | 0.97% |
| Vishal Mega MartRetailing | 0.84% | 1.22% |
| Page IndustriesTextiles & Apparels | 0.81% | 1.12% |
| United BreweriesBeverages | 0.63% | 1.55% |
| Berger Paints IndiaConsumer Durables | 0.62% | 2.23% |
| Blue StarConsumer Durables | 0.52% | 1.50% |
| JSW EnergyPower | 0.21% | 0.65% |
| Kalpataru Projects InternationalConstruction | 0.21% | 1.68% |
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.