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11 of 67 unique stocks in common · Jaccard: 16.4%
A weighted portfolio overlap of 28.84% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.84 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.90% in SBI Long Term Advantage Fund - Series IV and 8.30% in UTI Nifty 50 ETF. 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 | 6.90% | 8.30% |
| InfosysIT - Software | 3.85% | 3.76% |
| Reliance IndustriesPetroleum Products | 3.73% | 8.25% |
| State Bank of IndiaBanks | 4.04% | 3.70% |
| Kotak Mahindra BankBanks | 3.22% | 2.61% |
| Bajaj FinanceFinance | 6.65% | 2.25% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.29% | 1.76% |
| Tata SteelFerrous Metals | 3.26% | 1.59% |
| Eicher MotorsAutomobiles | 4.50% | 0.91% |
| Tech MahindraIT - Software | 3.88% | 0.87% |
| SBI Life Insurance CompanyInsurance | 1.91% | 0.76% |
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.