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18 of 71 unique stocks in common · Jaccard: 25.4%
A weighted portfolio overlap of 49.52% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹49.52 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 HDFC Bank, which commands a weight of 12.80% in SBI BSE Sensex ETF and 8.16% in UTI ELSS Tax Saver 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 | in UTI |
|---|---|---|
| HDFC BankBanks | 12.80% | 8.16% |
| ICICI BankBanks | 10.14% | 6.47% |
| Bharti AirtelTelecom - Services | 5.89% | 4.30% |
| Axis BankBanks | 4.15% | 3.88% |
| Kotak Mahindra BankBanks | 3.19% | 3.96% |
| Reliance IndustriesPetroleum Products | 10.08% | 2.82% |
| InfosysIT - Software | 4.56% | 2.73% |
| Bajaj FinanceFinance | 2.73% | 2.67% |
| State Bank of IndiaBanks | 4.52% | 2.27% |
| Mahindra & MahindraAutomobiles | 3.07% | 2.24% |
| Maruti Suzuki IndiaAutomobiles | 1.95% | 1.96% |
| Tata SteelFerrous Metals | 1.94% | 2.39% |
| Bharat ElectronicsAerospace & Defense | 1.66% | 1.27% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.19% | 1.27% |
| Power Grid Corporation of IndiaPower | 1.49% | 1.13% |
| EternalRetailing | 2.02% | 1.11% |
| Tech MahindraIT - Software | 1.07% | 1.96% |
| NTPCPower | 2.07% | 1.05% |
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.