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15 of 106 unique stocks in common · Jaccard: 14.2%
A weighted portfolio overlap of 19.04% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.04 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 2.36% in SBI Equity Hybrid Fund and 2.78% in Tata Multicap Fund. Holding both schemes increases your concentration in Reliance 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 2.36% | 2.78% |
| Bharti AirtelTelecom - Services | 3.27% | 2.20% |
| HDFC BankBanks | 2.39% | 2.13% |
| State Bank of IndiaBanks | 3.79% | 2.00% |
| ICICI BankBanks | 4.04% | 1.57% |
| Kotak Mahindra BankBanks | 3.20% | 1.44% |
| InfosysIT - Software | 1.65% | 1.42% |
| Adani Energy SolutionsPower | 3.63% | 1.19% |
| Vishal Mega MartRetailing | 1.01% | 1.61% |
| NTPCPower | 0.88% | 2.71% |
| AIA EngineeringIndustrial Products | 1.55% | 0.84% |
| Jindal SteelFerrous Metals | 1.01% | 0.73% |
| SwiggyRetailing | 0.71% | 0.78% |
| Adani PowerPower | 4.03% | 0.35% |
| Varun BeveragesBeverages | 0.21% | 0.86% |
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.