Loading fund overlap…
11 of 11 unique stocks in common · Jaccard: 100%
A weighted portfolio overlap of 99.27% indicates a extreme overlap (near-identical portfolios). This means that out of every ₹100 you invest across these two schemes, approximately ₹99.27 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 State Bank of India, which commands a weight of 23.73% in SBI BSE PSU Bank ETF and 23.72% in SBI BSE PSU Bank Index Fund. Holding both schemes increases your concentration in State Bank of India 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 BSE PSU Bank ETF | in SBI BSE PSU Bank Index |
|---|---|---|
| State Bank of IndiaBanks | 23.73% | 23.72% |
| Bank of BarodaBanks | 16.06% | 16.05% |
| Canara BankBanks | 14.11% | 14.11% |
| Punjab National BankBanks | 11.75% | 11.74% |
| Union Bank of IndiaBanks | 10.28% | 10.28% |
| Indian BankBanks | 9.43% | 9.42% |
| Bank of IndiaBanks | 5.53% | 5.52% |
| Bank of MaharashtraBanks | 5.09% | 5.09% |
| Indian Overseas BankBanks | 1.45% | 1.45% |
| Central Bank of IndiaBanks | 0.98% | 0.98% |
| UCO BankBanks | 0.92% | 0.91% |
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.