Nippon India Large Cap Fund vs SBI Large Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
51.2%
High overlap
Shared stocks are mostly the index's largest.
24
Common stocks
42
Only in Nippon India Large Cap Fund
28
Only in SBI Large Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
24 common stocks
Nippon India Large Cap FundSBI Large Cap Fund| Stock | Nippon India Large Cap Fund | SBI Large Cap Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 8.65% | 7.78% | 7.78% |
| ICICI Bank LtdFinancial Services | 6.71% | 8.66% | 6.71% |
| Larsen & Toubro LtdIndustrials | 3.70% | 5.43% | 3.70% |
| Infosys LtdTechnology | 3.63% | 3.66% | 3.63% |
| Reliance Industries LtdEnergy | 4.11% | 3.59% | 3.59% |
| Axis Bank LtdFinancial Services | 5.29% | 3.24% | 3.24% |
| State Bank Of IndiaFinancial Services | 2.95% | 3.67% | 2.95% |
| Avenue Supermarts LtdConsumer Discretionary | 2.14% | 2.18% | 2.14% |
| Samvardhana Motherson International LtdConsumer Discretionary | 2.00% | 3.77% | 2.00% |
| Sun Pharmaceutical Industries LtdHealthcare | 2.26% | 1.98% | 1.98% |
| Kotak Mahindra Bank LtdFinancial Services | 1.94% | 3.65% | 1.94% |
| Zomato LtdConsumer Discretionary | 1.82% | 1.73% | 1.73% |
| Divi'S Laboratories LtdHealthcare | 1.51% | 3.49% | 1.51% |
| Hindustan Unilever LtdConsumer Staples | 2.50% | 1.46% | 1.46% |
| HDFC Life Insurance Company LtdFinancial Services | 1.30% | 2.86% | 1.30% |
| Tech Mahindra LtdTechnology | 0.87% | 1.92% | 0.87% |
| Mankind Pharma LtdHealthcare | 0.86% | 1.79% | 0.86% |
| Cholamandalam Investment and Finance Company LtdFinancial Services | 0.79% | 2.22% | 0.79% |
| Shree Cements LtdMaterials | 0.78% | 2.00% | 0.78% |
| Vedanta Aluminium Metal LtdMaterials | 0.64% | 1.37% | 0.64% |
| Tata Steel LtdMaterials | 0.70% | 0.62% | 0.62% |
| Varun Beverages LtdConsumer Staples | 0.44% | 1.78% | 0.44% |
| Life Insurance Corporation Of IndiaFinancial Services | 0.33% | 0.97% | 0.33% |
| Cipla LtdHealthcare | 1.06% | 0.19% | 0.19% |
| Total | 56.98% | 70.01% | 51.18% |
Only in Nippon India Large Cap Fund
42 stocks, 42.7% of the fund
- Tata Consultancy Services LtdTechnology3.55%
- Bajaj Finance LtdFinancial Services3.23%
- Mahindra & Mahindra LtdConsumer Discretionary2.92%
- ITC LtdConsumer Staples2.13%
- GE T&D India LtdIndustrials1.85%
- NTPC LtdUtilities1.82%
- Trent Ltd [Lakme Ltd]Consumer Discretionary1.30%
- Tata Power Co. LtdUtilities1.29%
- Maruti Suzuki India LtdConsumer Discretionary1.26%
- Swiggy LtdConsumer Discretionary1.18%
Only in SBI Large Cap Fund
28 stocks, 27.9% of the fund
- Asian Paints LtdConsumer Discretionary3.56%
- TML Commercial Vehicles LtdIndustrials3.25%
- Bharti Airtel LtdCommunication Services2.10%
- Page Industries LtdConsumer Discretionary2.06%
- Thermax LtdIndustrials1.66%
- Adani Enterprises LtdMaterials1.51%
- Sona Blw Precision Forgings LtdConsumer Discretionary1.47%
- ICICI Prudential Asset Management Co LtdFinancial Services1.13%
- Interglobe Aviation LtdTransportation & Logistics1.04%
- PI Industries LtdAgriculture0.98%
Check another pair
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What is mutual fund portfolio overlap?
Portfolio overlap is the share of two funds' money that sits in the same stocks in the same amounts. Two flexi cap funds that both hold HDFC Bank, ICICI Bank and Reliance overlap by the smaller of their weights in each of those stocks.
How is portfolio overlap calculated?
For every stock both funds hold, take the smaller of the two weights, then add them up. If one fund holds HDFC Bank at 8% and the other at 5%, that stock adds 5% to the overlap. Only shares count; cash, bonds, deposits and REITs are left out. The figures use each fund's latest monthly portfolio disclosure.
Is high overlap between two funds bad?
Not by itself. RuDo studied 33,153 pairs of diversified equity funds over five years to September 2026. Funds from different fund houses with 50% to 70% overlap shared mostly the index's largest stocks, and holding both still made returns swing 12% to 15% less around the index than holding either one. Overlap above 70% came mostly from two funds of the same fund house, which hold nearly the same portfolio.
How often does the overlap change?
Fund houses disclose their portfolios every month, so the overlap is refreshed as each new disclosure arrives. It moves slowly for most diversified funds and faster for focused or high-turnover funds.
Based on each fund's monthly portfolio disclosure. Past performance does not indicate future returns.