Loading fund overlap…
12 of 124 unique stocks in common · Jaccard: 9.7%
A weighted portfolio overlap of 18.94% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.94 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 4.95% in SBI Contra Fund and 4.82% 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 | 4.95% | 4.82% |
| HDFC BankBanks | 5.82% | 3.07% |
| Tata SteelFerrous Metals | 2.29% | 2.07% |
| Kotak Mahindra BankBanks | 2.60% | 1.96% |
| Axis BankBanks | 1.34% | 3.74% |
| Dabur IndiaPersonal Products | 1.77% | 1.03% |
| Oil & Natural Gas CorporationOil | 1.34% | 0.99% |
| ITCDiversified FMCG | 1.88% | 0.91% |
| DelhiveryTransport Services | 0.87% | 2.77% |
| Larsen & ToubroConstruction | 0.87% | 3.09% |
| Nuvoco Vistas CorporationCement & Cement Products | 0.62% | 1.45% |
| The Ramco CementsCement & Cement Products | 0.39% | 1.66% |
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.