Loading fund overlap…
8 of 94 unique stocks in common · Jaccard: 8.5%
A weighted portfolio overlap of 9.23% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.23 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is Hindalco Industries, which commands a weight of 1.74% in SBI Equity Hybrid Fund and 2.41% in Tata Ethical Fund. Holding both schemes increases your concentration in Hindalco 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 |
|---|---|---|
| Hindalco IndustriesNon - Ferrous Metals | 1.74% | 2.41% |
| InfosysIT - Software | 1.65% | 7.66% |
| Asian PaintsConsumer Durables | 1.75% | 1.23% |
| Tata Consultancy ServicesIT - Software | 1.08% | 5.60% |
| Jindal SteelFerrous Metals | 1.01% | 2.90% |
| Page IndustriesTextiles & Apparels | 1.44% | 0.92% |
| MRFAuto Components | 2.50% | 0.81% |
| Avenue SupermartsRetailing | 1.59% | 0.79% |
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.