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13 of 291 unique stocks in common · Jaccard: 4.5%
A weighted portfolio overlap of 8.08% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.08 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 1.71% in Nippon India Small Cap Fund and 9.85% in SBI Nifty 50 ETF. 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 | 1.71% | 9.85% |
| State Bank of IndiaBanks | 1.28% | 3.98% |
| Axis BankBanks | 0.94% | 3.39% |
| Hindustan UnileverDiversified FMCG | 0.69% | 1.58% |
| Coal IndiaConsumable Fuels | 0.63% | 0.87% |
| HDFC Life Insurance CompanyInsurance | 0.56% | 0.53% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.45% | 0.61% |
| Kotak Mahindra BankBanks | 0.43% | 2.80% |
| Jio Financial ServicesFinance | 0.42% | 0.72% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.31% | 1.07% |
| Bharat ElectronicsAerospace & Defense | 0.31% | 1.35% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.24% | 1.91% |
| Asian PaintsConsumer Durables | 0.14% | 1.09% |
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.