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15 of 80 unique stocks in common · Jaccard: 18.8%
A weighted portfolio overlap of 30.08% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.08 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 10.14% in SBI BSE Sensex ETF and 4.33% in Tata India Innovation 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 | in Tata |
|---|---|---|
| ICICI BankBanks | 10.14% | 4.33% |
| Reliance IndustriesPetroleum Products | 10.08% | 3.50% |
| Axis BankBanks | 4.15% | 3.21% |
| Bharti AirtelTelecom - Services | 5.89% | 3.10% |
| Mahindra & MahindraAutomobiles | 3.07% | 2.31% |
| HDFC BankBanks | 12.80% | 2.29% |
| EternalRetailing | 2.02% | 2.71% |
| Maruti Suzuki IndiaAutomobiles | 1.95% | 1.56% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 1.50% | 2.07% |
| InfosysIT - Software | 4.56% | 1.47% |
| Kotak Mahindra BankBanks | 3.19% | 1.25% |
| Bajaj FinservFinance | 1.13% | 1.29% |
| Tech MahindraIT - Software | 1.07% | 2.38% |
| State Bank of IndiaBanks | 4.52% | 0.70% |
| InterGlobe AviationTransport Services | 1.11% | 0.64% |
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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.