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9 of 59 unique stocks in common · Jaccard: 15.3%
A weighted portfolio overlap of 18.31% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.31 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.19% in Nippon India Quant Fund and 3.85% in SBI Quant 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 | 7.19% | 3.85% |
| Bajaj AutoAutomobiles | 3.27% | 5.64% |
| Power Finance CorporationFinance | 2.66% | 4.96% |
| Cummins IndiaIndustrial Products | 2.23% | 3.73% |
| NMDCMinerals & Mining | 2.10% | 2.57% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 1.92% | 2.66% |
| HDFC BankBanks | 7.48% | 1.78% |
| Coal IndiaConsumable Fuels | 2.67% | 0.33% |
| Reliance IndustriesPetroleum Products | 4.10% | 0.17% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.