Mirae Asset Nifty 50 ETF vs SBI Nifty Index Fund
Portfolio Overlap Analysis · Mirae vs SBI
Common Holdings (50)
| Stock | Wt% in Mirae Asset Nifty 50 ETF | Wt% in SBI Nifty Index | Overlap |
|---|---|---|---|
HDFC Bank Ltd. Banks | 11.83% | 11.83% | 11.83% |
ICICI Bank Ltd. Banks | 8.58% | 8.58% | 8.58% |
Reliance Industries Ltd. Petroleum Products | 8.20% | 8.20% | 8.20% |
Bharti Airtel Ltd. Telecom - Services | 4.56% | 4.56% | 4.56% |
Larsen & Toubro Ltd. Construction | 4.38% | 4.38% | 4.38% |
State Bank of India Banks | 4.34% | 4.34% | 4.34% |
Infosys Ltd. IT - Software | 3.97% | 3.97% | 3.97% |
Axis Bank Ltd. Banks | 3.45% | 3.45% | 3.45% |
Kotak Mahindra Bank Ltd. Banks | 2.66% | 2.66% | 2.66% |
Mahindra & Mahindra Ltd. Automobiles | 2.64% | 2.64% | 2.64% |
ITC Ltd. Diversified FMCG | 2.63% | 2.63% | 2.63% |
Tata Consultancy Services Ltd. IT - Software | 2.35% | 2.35% | 2.35% |
Bajaj Finance Ltd. Finance | 2.30% | 2.30% | 2.30% |
Hindustan Unilever Ltd. Diversified FMCG | 1.81% | 1.81% | 1.81% |
Maruti Suzuki India Ltd. Automobiles | 1.70% | 1.70% | 1.70% |
Sun Pharmaceutical Industries Ltd. Pharmaceuticals & Biotechnology | 1.60% | 1.60% | 1.60% |
NTPC Ltd. Power | 1.58% | 1.58% | 1.58% |
Titan Company Ltd. Consumer Durables | 1.56% | 1.56% | 1.56% |
Eternal Ltd. Retailing | 1.54% | 1.54% | 1.54% |
Tata Steel Ltd. Ferrous Metals | 1.53% | 1.53% | 1.53% |
Bharat Electronics Ltd. Aerospace & Defense | 1.39% | 1.39% | 1.39% |
Shriram Finance Ltd. Finance | 1.32% | 1.32% | 1.32% |
Ultratech Cement Ltd. Cement & Cement Products | 1.31% | 1.31% | 1.31% |
HCL Technologies Ltd. IT - Software | 1.28% | 1.28% | 1.28% |
Power Grid Corporation of India Ltd. Power | 1.18% | 1.18% | 1.18% |
Hindalco Industries Ltd. Non - Ferrous Metals | 1.17% | 1.17% | 1.17% |
JSW Steel Ltd. Ferrous Metals | 1.03% | 1.03% | 1.03% |
Bajaj Finserv Ltd. Finance | 0.99% | 0.99% | 0.99% |
Adani Ports and Special Economic Zone Ltd. Transport Infrastructure | 0.98% | 0.98% | 0.98% |
Bajaj Auto Ltd. Automobiles | 0.96% | 0.96% | 0.96% |
Eicher Motors Ltd. Automobiles | 0.96% | 0.96% | 0.96% |
Interglobe Aviation Ltd. Transport Services | 0.95% | 0.95% | 0.95% |
Oil & Natural Gas Corporation Ltd. Oil | 0.95% | 0.95% | 0.95% |
Asian Paints Ltd. Consumer Durables | 0.94% | 0.94% | 0.94% |
Grasim Industries Ltd. Cement & Cement Products | 0.93% | 0.93% | 0.93% |
Coal India Ltd. Consumable Fuels | 0.85% | 0.85% | 0.85% |
Nestle India Ltd. Food Products | 0.81% | 0.81% | 0.81% |
SBI Life Insurance Co. Ltd. Insurance | 0.80% | 0.80% | 0.80% |
Trent Ltd. Retailing | 0.75% | 0.75% | 0.75% |
Tech Mahindra Ltd. IT - Software | 0.75% | 0.75% | 0.75% |
Jio Financial Services Ltd. Finance | 0.73% | 0.73% | 0.73% |
Max Healthcare Institute Ltd. Healthcare Services | 0.71% | 0.71% | 0.71% |
Apollo Hospitals Enterprise Ltd. Healthcare Services | 0.70% | 0.70% | 0.70% |
Tata Motors Passenger Vehicles Ltd. Automobiles | 0.70% | 0.70% | 0.70% |
Dr. Reddy's Laboratories Ltd. Pharmaceuticals & Biotechnology | 0.68% | 0.68% | 0.68% |
HDFC Life Insurance Company Ltd. Insurance | 0.67% | 0.67% | 0.67% |
Cipla Ltd. Pharmaceuticals & Biotechnology | 0.66% | 0.66% | 0.66% |
Tata Consumer Products Ltd. Agricultural Food & other Products | 0.65% | 0.65% | 0.65% |
Wipro Ltd. IT - Software | 0.50% | 0.50% | 0.50% |
Adani Enterprises Ltd. Metals & Minerals Trading | 0.49% | 0.49% | 0.49% |
Unique to Mirae Asset Nifty 50 ETF
All top holdings are shared with the other fund.
Unique to SBI Nifty Index
All top holdings are shared with the other fund.
Sector Overlap Breakdown
Analysis
SBI Nifty Index Fund and Mirae Asset Nifty 50 ETF show 100.0% overlap, which is high in MFXray's current universe. This pair ranks #6 out of 95,528 analyzed combinations. The catch is that this is a cross-AMC pair, so changing fund houses here does not really change the portfolio underneath.
The overlap is being driven mainly by banks exposure, which alone contributes 30.9% of the shared book. The biggest common positions are HDFC Bank Ltd., ICICI Bank Ltd., and Reliance Industries Ltd.. Those names account for a large chunk of why the two funds move similarly.
SBI Nifty Index Fund still keeps some identity through very little that stands apart in the top holdings, while Mirae Asset Nifty 50 ETF leans on very little that stands apart in the top holdings. That matters because the common core is doing most of the heavy lifting, and the unique sleeve around it is relatively small.
The practical takeaway is simple: holding both funds is likely giving you more duplication than diversification. This is the kind of pair that deserves a second look before you assume you are spreading risk.
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Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.