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21 of 81 unique stocks in common · Jaccard: 25.9%
A weighted portfolio overlap of 39.96% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹39.96 is allocated to the exact same companies at the same relative proportions. The schemes share 21 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.12% in SBI Dividend Yield Fund and 8.30% in UTI Nifty 50 ETF. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 6.12% | 8.30% |
| Larsen & ToubroConstruction | 4.08% | 4.42% |
| State Bank of IndiaBanks | 4.20% | 3.70% |
| InfosysIT - Software | 3.00% | 3.76% |
| Axis BankBanks | 2.17% | 3.41% |
| Tata Consultancy ServicesIT - Software | 3.06% | 2.13% |
| Kotak Mahindra BankBanks | 2.03% | 2.61% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.95% | 1.76% |
| NTPCPower | 1.61% | 1.70% |
| Maruti Suzuki IndiaAutomobiles | 2.37% | 1.59% |
| Tata SteelFerrous Metals | 1.68% | 1.59% |
| Bharti AirtelTelecom - Services | 1.32% | 5.19% |
| Ultratech CementCement & Cement Products | 1.31% | 1.26% |
| Asian PaintsConsumer Durables | 1.61% | 1.12% |
| JSW SteelFerrous Metals | 1.60% | 1.11% |
| Oil & Natural Gas CorporationOil | 2.63% | 0.95% |
| Nestle IndiaFood Products | 2.07% | 0.94% |
| InterGlobe AviationTransport Services | 2.23% | 0.92% |
| Eicher MotorsAutomobiles | 1.74% | 0.91% |
| Tech MahindraIT - Software | 1.95% | 0.87% |
| Adani EnterprisesMetals & Minerals Trading | 1.16% | 0.78% |
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.