Mirae Asset Nifty Next 50 ETF vs SBI Nifty Next 50 Index Fund
Mirae vs SBI· Portfolio Overlap Analysis
Analysis
SBI Nifty Next 50 Index Fund and Mirae Asset Nifty Next 50 ETF show 100.0% overlap, which is high in MFXray's current universe. This pair ranks #87 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 finance exposure, which alone contributes 10.8% of the shared book. The biggest common positions are Vedanta Ltd., TVS Motor Company Ltd., and Divi's Laboratories Ltd.. Those names account for a large chunk of why the two funds move similarly.
SBI Nifty Next 50 Index Fund still keeps some identity through very little that stands apart in the top holdings, while Mirae Asset Nifty Next 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.
Common Holdings (50)
| Stock | Wt% in Mirae Asset Nifty Next 50 ETF | Wt% in SBI Nifty Next 50 Index | Overlap |
|---|---|---|---|
Vedanta Ltd. Diversified Metals | 5.24% | 5.24% | 5.24% |
TVS Motor Company Ltd. Automobiles | 3.91% | 3.91% | 3.91% |
Divi's Laboratories Ltd. Pharmaceuticals & Biotechnology | 3.50% | 3.50% | 3.50% |
Bharat Petroleum Corporation Ltd. Petroleum Products | 3.21% | 3.21% | 3.21% |
Hindustan Aeronautics Ltd. Aerospace & Defense | 3.19% | 3.19% | 3.19% |
Cholamandalam Investment & Finance Co. Ltd. Finance | 3.15% | 3.15% | 3.15% |
Britannia Industries Ltd. Food Products | 3.04% | 3.04% | 3.04% |
Indian Oil Corporation Ltd. Petroleum Products | 3.01% | 3.01% | 3.01% |
Tata Power Company Ltd. Power | 2.73% | 2.73% | 2.73% |
Varun Beverages Ltd. Beverages | 2.66% | 2.66% | 2.66% |
Power Finance Corporation Ltd. Finance | 2.59% | 2.59% | 2.59% |
Bank of Baroda Banks | 2.57% | 2.57% | 2.57% |
Samvardhana Motherson International Ltd. Auto Components | 2.55% | 2.55% | 2.55% |
The Indian Hotels Company Ltd. Leisure Services | 2.52% | 2.52% | 2.52% |
Avenue Supermarts Ltd. Retailing | 2.44% | 2.44% | 2.44% |
Adani Power Ltd. Power | 2.38% | 2.38% | 2.38% |
Canara Bank Banks | 2.28% | 2.28% | 2.28% |
CG Power and Industrial Solutions Ltd. Electrical Equipment | 2.14% | 2.14% | 2.14% |
Godrej Consumer Products Ltd. Personal Products | 2.11% | 2.11% | 2.11% |
Bajaj Holdings & Investment Ltd. Finance | 2.01% | 2.01% | 2.01% |
Jindal Steel Ltd. Ferrous Metals | 2.00% | 2.00% | 2.00% |
Pidilite Industries Ltd. Chemicals & Petrochemicals | 1.99% | 1.99% | 1.99% |
ICICI Lombard General Insurance Company Ltd. Insurance | 1.98% | 1.98% | 1.98% |
GAIL (India) Ltd. Gas | 1.97% | 1.97% | 1.97% |
Torrent Pharmaceuticals Ltd. Pharmaceuticals & Biotechnology | 1.95% | 1.95% | 1.95% |
Punjab National Bank Banks | 1.92% | 1.92% | 1.92% |
REC Ltd. Finance | 1.88% | 1.88% | 1.88% |
LTIMindtree Ltd. IT - Software | 1.78% | 1.78% | 1.78% |
United Spirits Ltd. Beverages | 1.75% | 1.75% | 1.75% |
Info Edge (India) Ltd. Retailing | 1.72% | 1.72% | 1.72% |
DLF Ltd. Realty | 1.67% | 1.67% | 1.67% |
Havells India Ltd. Consumer Durables | 1.52% | 1.52% | 1.52% |
Adani Energy Solutions Ltd. Power | 1.51% | 1.51% | 1.51% |
Shree Cement Ltd. Cement & Cement Products | 1.50% | 1.50% | 1.50% |
Solar Industries India Ltd. Chemicals & Petrochemicals | 1.41% | 1.41% | 1.41% |
ABB India Ltd. Electrical Equipment | 1.37% | 1.37% | 1.37% |
Bosch Ltd. Auto Components | 1.36% | 1.36% | 1.36% |
Hyundai Motor India Ltd. Automobiles | 1.33% | 1.33% | 1.33% |
Ambuja Cements Ltd. Cement & Cement Products | 1.31% | 1.31% | 1.31% |
Siemens Ltd. Electrical Equipment | 1.30% | 1.30% | 1.30% |
Adani Green Energy Ltd. Power | 1.25% | 1.25% | 1.25% |
Lodha Developers Ltd. Realty | 1.20% | 1.20% | 1.20% |
Hindustan Zinc Ltd. Non - Ferrous Metals | 1.13% | 1.13% | 1.13% |
JSW Energy Ltd. Power | 1.13% | 1.13% | 1.13% |
Siemens Energy India Ltd. Electrical Equipment | 1.11% | 1.11% | 1.11% |
Zydus Lifesciences Ltd. Pharmaceuticals & Biotechnology | 0.99% | 0.99% | 0.99% |
Life Insurance Corporation of India Insurance | 0.81% | 0.81% | 0.81% |
Indian Railway Finance Corporation Ltd. Finance | 0.80% | 0.80% | 0.80% |
Mazagon Dock Shipbuilders Ltd. Industrial Manufacturing | 0.73% | 0.73% | 0.73% |
Bajaj Housing Finance Ltd. Finance | 0.35% | 0.35% | 0.35% |
Unique to Mirae Asset Nifty Next 50 ETF
All top holdings are shared with the other fund.
Unique to SBI Nifty Next 50 Index
All top holdings are shared with the other fund.
Sector Overlap Breakdown
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Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.