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34 of 123 unique stocks in common · Jaccard: 27.6%
A weighted portfolio overlap of 42.57% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.57 is allocated to the exact same companies at the same relative proportions. The schemes share 34 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 4.95% in SBI Contra Fund and 4.81% in SBI ELSS Tax Saver 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 Contra | in SBI ELSS |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.95% | 4.81% |
| ICICI BankBanks | 3.58% | 8.94% |
| HDFC BankBanks | 5.82% | 2.91% |
| Kotak Mahindra BankBanks | 2.60% | 5.93% |
| Torrent PowerPower | 2.50% | 2.57% |
| Tata SteelFerrous Metals | 2.29% | 4.12% |
| Tech MahindraIT - Software | 1.66% | 1.81% |
| State Bank of IndiaBanks | 1.43% | 3.62% |
| GAIL (India)Gas | 2.14% | 1.41% |
| Axis BankBanks | 1.34% | 1.86% |
| Hindalco IndustriesNon - Ferrous Metals | 1.34% | 1.80% |
| Oil & Natural Gas CorporationOil | 1.34% | 1.89% |
| FSN E-Commerce VenturesRetailing | 1.23% | 1.86% |
| Bharti AirtelTelecom - Services | 1.22% | 1.81% |
| Mahindra & Mahindra Financial ServicesFinance | 1.62% | 1.17% |
| CiplaPharmaceuticals & Biotechnology | 1.14% | 2.15% |
| ICICI Prudential Life Insurance CompanyInsurance | 1.17% | 1.12% |
| Petronet LNGGas | 1.00% | 1.00% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 1.00% | 0.98% |
| DelhiveryTransport Services | 0.87% | 0.88% |
| Larsen & ToubroConstruction | 0.87% | 2.99% |
| JSW EnergyPower | 0.95% | 0.86% |
| InfosysIT - Software | 0.68% | 1.00% |
| BioconPharmaceuticals & Biotechnology | 3.63% | 0.56% |
| Equitas Small Finance BankBanks | 0.49% | 1.01% |
| LupinPharmaceuticals & Biotechnology | 0.48% | 1.97% |
| Rallis IndiaFertilizers & Agrochemicals | 0.47% | 0.63% |
| Tata Consultancy ServicesIT - Software | 0.45% | 2.08% |
| Prism JohnsonCement & Cement Products | 0.54% | 0.40% |
| HDFC Asset Management CompanyCapital Markets | 0.37% | 0.43% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 0.35% | 0.69% |
| Grindwell NortonIndustrial Products | 0.31% | 1.13% |
| Timken IndiaIndustrial Products | 0.28% | 0.19% |
| Sanofi IndiaPharmaceuticals & Biotechnology | 0.16% | 0.15% |
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.