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12 of 47 unique stocks in common · Jaccard: 25.5%
A weighted portfolio overlap of 11.42% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.42 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 1.90% in Nippon India Retirement Fund - Income Generation Scheme and 10.14% in SBI BSE Sensex 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 | 1.90% | 10.14% |
| Reliance IndustriesPetroleum Products | 1.80% | 10.08% |
| HDFC BankBanks | 1.49% | 12.80% |
| Tata Consultancy ServicesIT - Software | 1.14% | 2.58% |
| Axis BankBanks | 1.00% | 4.15% |
| Larsen & ToubroConstruction | 0.99% | 5.38% |
| State Bank of IndiaBanks | 0.76% | 4.52% |
| InfosysIT - Software | 0.70% | 4.56% |
| EternalRetailing | 0.65% | 2.02% |
| Hindustan UnileverDiversified FMCG | 0.41% | 2.16% |
| NTPCPower | 0.33% | 2.07% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.25% | 2.19% |
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.