Loading fund overlap…
13 of 126 unique stocks in common · Jaccard: 10.3%
A weighted portfolio overlap of 17.56% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.56 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 Axis Bank, which commands a weight of 3.30% in SBI Large and Midcap Fund and 3.21% in Tata India Innovation Fund. Holding both schemes increases your concentration in Axis 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 |
|---|---|---|
| Axis BankBanks | 3.30% | 3.21% |
| ICICI BankBanks | 2.65% | 4.33% |
| Reliance IndustriesPetroleum Products | 2.55% | 3.50% |
| HDFC BankBanks | 7.18% | 2.29% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 1.08% | 1.63% |
| InfosysIT - Software | 1.03% | 1.47% |
| Samvardhana Motherson InternationalAuto Components | 1.01% | 1.49% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.92% | 2.07% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 1.94% | 0.82% |
| State Bank of IndiaBanks | 2.81% | 0.70% |
| Dr. Lal Path LabsHealthcare Services | 0.53% | 3.80% |
| Acutaas ChemicalsPharmaceuticals & Biotechnology | 0.50% | 2.60% |
| LG Electronics IndiaConsumer Durables | 0.54% | 0.27% |
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.