Loading fund overlap…
5 of 61 unique stocks in common · Jaccard: 8.2%
A weighted portfolio overlap of 6.85% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.85 is allocated to the exact same companies at the same relative proportions. The schemes share 5 common holdings.
The largest overlapping asset in their portfolios is Mahindra & Mahindra, which commands a weight of 2.52% in SBI Nifty 50 ETF and 23.12% in Tata Nifty Auto Index Fund. Holding both schemes increases your concentration in Mahindra & Mahindra 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 |
|---|---|---|
| Mahindra & MahindraAutomobiles | 2.52% | 23.12% |
| Maruti Suzuki IndiaAutomobiles | 1.59% | 14.63% |
| Bajaj AutoAutomobiles | 1.07% | 9.84% |
| Eicher MotorsAutomobiles | 0.91% | 8.39% |
| Tata Motors Passenger VehiclesAutomobiles | 0.76% | 7.01% |
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.