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29 of 128 unique stocks in common · Jaccard: 22.7%
A weighted portfolio overlap of 46.46% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹46.46 is allocated to the exact same companies at the same relative proportions. The schemes share 29 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.44% in Nippon India Retirement Fund - Wealth Creation Scheme and 6.69% in SBI BSE 100 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 | 7.44% | 6.69% |
| Reliance IndustriesPetroleum Products | 6.64% | 6.65% |
| HDFC BankBanks | 6.15% | 8.45% |
| Larsen & ToubroConstruction | 3.20% | 3.55% |
| Axis BankBanks | 3.63% | 2.74% |
| State Bank of IndiaBanks | 2.67% | 2.98% |
| InfosysIT - Software | 2.30% | 3.01% |
| Tata Consultancy ServicesIT - Software | 3.62% | 1.70% |
| Hindustan UnileverDiversified FMCG | 1.80% | 1.43% |
| NTPCPower | 2.47% | 1.37% |
| EternalRetailing | 2.19% | 1.33% |
| Hindalco IndustriesNon - Ferrous Metals | 1.25% | 1.21% |
| Titan CompanyConsumer Durables | 1.16% | 1.24% |
| Ultratech CementCement & Cement Products | 1.45% | 1.01% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.06% | 0.62% |
| SBI Life Insurance CompanyInsurance | 1.05% | 0.61% |
| Cummins IndiaIndustrial Products | 1.07% | 0.60% |
| Hindustan AeronauticsAerospace & Defense | 1.15% | 0.60% |
| The Federal BankBanks | 1.00% | 0.53% |
| Samvardhana Motherson InternationalAuto Components | 1.49% | 0.48% |
| Power Finance CorporationFinance | 1.32% | 0.46% |
| Indus TowersTelecom - Services | 0.98% | 0.43% |
| Bajaj FinservFinance | 0.42% | 0.74% |
| LupinPharmaceuticals & Biotechnology | 0.69% | 0.41% |
| HDFC Asset Management CompanyCapital Markets | 1.01% | 0.40% |
| Dixon Technologies (India)Consumer Durables | 1.89% | 0.36% |
| GAIL (India)Gas | 1.01% | 0.33% |
| ICICI Lombard General Insurance CompanyInsurance | 1.94% | 0.33% |
| LTIMindtreeIT - Software | 1.83% | 0.28% |
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.