Loading fund overlap…
18 of 110 unique stocks in common · Jaccard: 16.4%
A weighted portfolio overlap of 18.64% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.64 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.39% in SBI Balanced Advantage Fund and 4.04% in SBI Equity Hybrid 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 SBI Balanced | in SBI Equity |
|---|---|---|
| ICICI BankBanks | 3.39% | 4.04% |
| Larsen & ToubroConstruction | 2.91% | 2.50% |
| HDFC BankBanks | 4.04% | 2.39% |
| Reliance IndustriesPetroleum Products | 4.98% | 2.36% |
| Bharti AirtelTelecom - Services | 1.42% | 3.27% |
| Asian PaintsConsumer Durables | 1.15% | 1.75% |
| Kotak Mahindra BankBanks | 1.01% | 3.20% |
| ITCDiversified FMCG | 1.40% | 0.79% |
| MeeshoRetailing | 0.75% | 0.77% |
| State Bank of IndiaBanks | 0.74% | 3.79% |
| DLFRealty | 0.67% | 0.91% |
| Vishal Mega MartRetailing | 0.49% | 1.01% |
| Coal IndiaConsumable Fuels | 0.25% | 1.80% |
| Hindalco IndustriesNon - Ferrous Metals | 0.25% | 1.74% |
| Tata Consultancy ServicesIT - Software | 0.24% | 1.08% |
| Brainbees SolutionsRetailing | 0.65% | 0.11% |
| InfosysIT - Software | 0.11% | 1.65% |
| Jindal SteelFerrous Metals | 0.02% | 1.01% |
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.