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13 of 95 unique stocks in common · Jaccard: 13.7%
A weighted portfolio overlap of 19.64% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.64 is allocated to the exact same companies at the same relative proportions. The schemes share 13 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 4.33% in Tata India Innovation 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 | in Tata |
|---|---|---|
| ICICI BankBanks | 4.04% | 4.33% |
| Bharti AirtelTelecom - Services | 3.27% | 3.10% |
| Reliance IndustriesPetroleum Products | 2.36% | 3.50% |
| HDFC BankBanks | 2.39% | 2.29% |
| InfosysIT - Software | 1.65% | 1.47% |
| Kotak Mahindra BankBanks | 3.20% | 1.25% |
| Adani Energy SolutionsPower | 3.63% | 1.09% |
| Vishal Mega MartRetailing | 1.01% | 2.43% |
| Adani PowerPower | 4.03% | 0.83% |
| SwiggyRetailing | 0.71% | 1.42% |
| State Bank of IndiaBanks | 3.79% | 0.70% |
| InterGlobe AviationTransport Services | 2.25% | 0.64% |
| MeeshoRetailing | 0.77% | 0.15% |
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.