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11 of 58 unique stocks in common · Jaccard: 19%
A weighted portfolio overlap of 23.68% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.68 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is Shriram Finance, which commands a weight of 3.89% in NJ Momentum Fund and 4.39% in SBI Quant Fund. Holding both schemes increases your concentration in Shriram Finance 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 NJ | in SBI |
|---|---|---|
| Shriram FinanceFinance | 3.89% | 4.39% |
| The Federal BankBanks | 3.64% | 3.69% |
| Bajaj AutoAutomobiles | 2.58% | 5.79% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 2.53% | 2.85% |
| Eicher MotorsAutomobiles | 2.49% | 5.45% |
| MaricoAgricultural Food & Other Products | 2.31% | 3.78% |
| L&T FinanceFinance | 2.36% | 1.97% |
| Cummins IndiaIndustrial Products | 2.27% | 1.20% |
| Oracle Financial Services SoftwareIT - Software | 1.10% | 2.76% |
| NMDCMinerals & Mining | 1.02% | 2.61% |
| Nestle IndiaFood Products | 0.97% | 5.64% |
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.