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23 of 108 unique stocks in common · Jaccard: 21.3%
A weighted portfolio overlap of 35.95% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.95 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.82% in SBI Contra Fund and 10.53% in UTI Nifty 50 ETF. 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 | 5.82% | 10.53% |
| Reliance IndustriesPetroleum Products | 4.95% | 8.25% |
| ICICI BankBanks | 3.58% | 8.30% |
| Kotak Mahindra BankBanks | 2.60% | 2.61% |
| ITCDiversified FMCG | 1.88% | 2.56% |
| Tata SteelFerrous Metals | 2.29% | 1.59% |
| State Bank of IndiaBanks | 1.43% | 3.70% |
| Axis BankBanks | 1.34% | 3.41% |
| Hindalco IndustriesNon - Ferrous Metals | 1.34% | 1.51% |
| Bharti AirtelTelecom - Services | 1.22% | 5.19% |
| Maruti Suzuki IndiaAutomobiles | 1.09% | 1.59% |
| Bajaj AutoAutomobiles | 1.44% | 1.07% |
| Oil & Natural Gas CorporationOil | 1.34% | 0.95% |
| HCL TechnologiesIT - Software | 0.88% | 1.15% |
| Larsen & ToubroConstruction | 0.87% | 4.42% |
| Tech MahindraIT - Software | 1.66% | 0.87% |
| JSW SteelFerrous Metals | 0.78% | 1.11% |
| Tata Motors Passenger VehiclesAutomobiles | 1.03% | 0.76% |
| Grasim IndustriesCement & Cement Products | 0.74% | 1.10% |
| CiplaPharmaceuticals & Biotechnology | 1.14% | 0.73% |
| InfosysIT - Software | 0.68% | 3.76% |
| Tata Consultancy ServicesIT - Software | 0.45% | 2.13% |
| WiproIT - Software | 0.33% | 0.54% |
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.