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13 of 85 unique stocks in common · Jaccard: 15.3%
A weighted portfolio overlap of 29.02% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.02 is allocated to the exact same companies at the same relative proportions. The schemes share 13 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 4.99% in UTI Large & Mid Cap 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% | 4.99% |
| ICICI BankBanks | 10.14% | 3.01% |
| InfosysIT - Software | 4.56% | 2.82% |
| Bharti AirtelTelecom - Services | 5.89% | 2.73% |
| Larsen & ToubroConstruction | 5.38% | 2.69% |
| ITCDiversified FMCG | 3.12% | 2.67% |
| Reliance IndustriesPetroleum Products | 10.08% | 2.17% |
| Power Grid Corporation of IndiaPower | 1.49% | 2.56% |
| State Bank of IndiaBanks | 4.52% | 1.42% |
| HCL TechnologiesIT - Software | 1.41% | 1.54% |
| Maruti Suzuki IndiaAutomobiles | 1.95% | 1.26% |
| Mahindra & MahindraAutomobiles | 3.07% | 1.25% |
| InterGlobe AviationTransport Services | 1.11% | 1.17% |
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.