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11 of 81 unique stocks in common · Jaccard: 13.6%
A weighted portfolio overlap of 23.79% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.79 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 HDFC Bank, which commands a weight of 12.80% in SBI BSE Sensex ETF and 3.55% in SBI MultiCap Fund. 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 SBI BSE | in SBI MultiCap |
|---|---|---|
| HDFC BankBanks | 12.80% | 3.55% |
| Kotak Mahindra BankBanks | 3.19% | 3.88% |
| Reliance IndustriesPetroleum Products | 10.08% | 3.19% |
| ICICI BankBanks | 10.14% | 2.94% |
| Bharti AirtelTelecom - Services | 5.89% | 2.71% |
| Axis BankBanks | 4.15% | 1.97% |
| InfosysIT - Software | 4.56% | 1.45% |
| Asian PaintsConsumer Durables | 1.36% | 3.00% |
| Tata SteelFerrous Metals | 1.94% | 1.31% |
| Bajaj FinservFinance | 1.13% | 2.88% |
| EternalRetailing | 2.02% | 0.99% |
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.