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16 of 79 unique stocks in common · Jaccard: 20.3%
A weighted portfolio overlap of 28.41% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.41 is allocated to the exact same companies at the same relative proportions. The schemes share 16 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 6.24% in UTI Balanced Advantage 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 UTI |
|---|---|---|
| ICICI BankBanks | 4.04% | 6.24% |
| Bharti AirtelTelecom - Services | 3.27% | 3.49% |
| Kotak Mahindra BankBanks | 3.20% | 2.95% |
| State Bank of IndiaBanks | 3.79% | 2.57% |
| Bajaj FinanceFinance | 2.49% | 2.55% |
| HDFC BankBanks | 2.39% | 7.33% |
| Reliance IndustriesPetroleum Products | 2.36% | 4.80% |
| Larsen & ToubroConstruction | 2.50% | 1.78% |
| InfosysIT - Software | 1.65% | 2.67% |
| Coal IndiaConsumable Fuels | 1.80% | 1.18% |
| Tata Consultancy ServicesIT - Software | 1.08% | 1.25% |
| NTPCPower | 0.88% | 0.97% |
| ITCDiversified FMCG | 0.79% | 1.08% |
| Asian PaintsConsumer Durables | 1.75% | 0.67% |
| Avenue SupermartsRetailing | 1.59% | 0.28% |
| InterGlobe AviationTransport Services | 2.25% | 0.03% |
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.