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10 of 75 unique stocks in common · Jaccard: 13.3%
A weighted portfolio overlap of 23.17% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.17 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 10.08% in SBI BSE Sensex ETF and 4.82% in Tata Business Cycle Fund. Holding both schemes increases your concentration in Reliance Industries 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 | in Tata |
|---|---|---|
| Reliance IndustriesPetroleum Products | 10.08% | 4.82% |
| Axis BankBanks | 4.15% | 3.74% |
| Larsen & ToubroConstruction | 5.38% | 3.09% |
| HDFC BankBanks | 12.80% | 3.07% |
| Kotak Mahindra BankBanks | 3.19% | 1.96% |
| Tata SteelFerrous Metals | 1.94% | 2.07% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 1.50% | 1.67% |
| Bajaj FinservFinance | 1.13% | 1.40% |
| Hindustan UnileverDiversified FMCG | 2.16% | 1.01% |
| ITCDiversified FMCG | 3.12% | 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.