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5 of 59 unique stocks in common · Jaccard: 8.5%
A weighted portfolio overlap of 28.95% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.95 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 HDFC Bank, which commands a weight of 18.15% in SBI Nifty Bank Index Fund and 10.24% in UTI Nifty 50 Index Fund. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 18.15% | 10.24% |
| ICICI BankBanks | 14.82% | 9.19% |
| State Bank of IndiaBanks | 10.06% | 3.79% |
| Axis BankBanks | 8.79% | 3.16% |
| Kotak Mahindra BankBanks | 9.29% | 2.57% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.