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11 of 104 unique stocks in common · Jaccard: 10.6%
A weighted portfolio overlap of 7.81% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹7.81 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.04% in SBI Equity Hybrid Fund and 1.59% in SBI Multi Asset Allocation Fund. 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 Equity | in SBI Multi |
|---|---|---|
| ICICI BankBanks | 4.04% | 1.59% |
| Kotak Mahindra BankBanks | 3.20% | 1.41% |
| Reliance IndustriesPetroleum Products | 2.36% | 1.24% |
| HDFC BankBanks | 2.39% | 1.08% |
| ITCDiversified FMCG | 0.79% | 0.60% |
| SwiggyRetailing | 0.71% | 0.56% |
| State Bank of IndiaBanks | 3.79% | 0.50% |
| Vishal Mega MartRetailing | 1.01% | 0.33% |
| InfosysIT - Software | 1.65% | 0.22% |
| Bharti AirtelTelecom - Services | 3.27% | 0.16% |
| InterGlobe AviationTransport Services | 2.25% | 0.12% |
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.