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8 of 68 unique stocks in common · Jaccard: 11.8%
A weighted portfolio overlap of 29.21% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.21 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 7.48% in Nippon India Quant Fund and 7.65% in SBI ESG Exclusionary Strategy 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 | 7.48% | 7.65% |
| ICICI BankBanks | 7.19% | 8.11% |
| Larsen & ToubroConstruction | 4.62% | 4.82% |
| State Bank of IndiaBanks | 3.15% | 3.67% |
| Reliance IndustriesPetroleum Products | 4.10% | 2.53% |
| InfosysIT - Software | 1.80% | 4.66% |
| TVS Motor CompanyAutomobiles | 1.63% | 2.49% |
| Colgate Palmolive (India)Personal Products | 1.79% | 0.81% |
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.