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18 of 85 unique stocks in common · Jaccard: 21.2%
A weighted portfolio overlap of 31.1% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.1 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 8.19% in UTI - Master Equity Plan Unit Scheme. 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% | 8.19% |
| Bharti AirtelTelecom - Services | 3.27% | 4.14% |
| Kotak Mahindra BankBanks | 3.20% | 4.53% |
| Larsen & ToubroConstruction | 2.50% | 4.40% |
| Bajaj FinanceFinance | 2.49% | 3.89% |
| HDFC BankBanks | 2.39% | 9.12% |
| Reliance IndustriesPetroleum Products | 2.36% | 5.30% |
| InfosysIT - Software | 1.65% | 4.73% |
| Asian PaintsConsumer Durables | 1.75% | 1.37% |
| Avenue SupermartsRetailing | 1.59% | 1.37% |
| State Bank of IndiaBanks | 3.79% | 1.27% |
| Coal IndiaConsumable Fuels | 1.80% | 1.12% |
| Tata Consultancy ServicesIT - Software | 1.08% | 1.31% |
| AstralIndustrial Products | 1.00% | 0.87% |
| DLFRealty | 0.91% | 0.81% |
| ITCDiversified FMCG | 0.79% | 1.13% |
| InterGlobe AviationTransport Services | 2.25% | 0.31% |
| Varun BeveragesBeverages | 0.21% | 0.69% |
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.