Loading fund overlap…
22 of 110 unique stocks in common · Jaccard: 20%
A weighted portfolio overlap of 27.15% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.15 is allocated to the exact same companies at the same relative proportions. The schemes share 22 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.06% in Aditya Birla Sun Life Balanced Advantage Fund and 4.04% in SBI Equity Hybrid Fund. Holding both schemes increases your concentration in ICICI 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 Aditya | in SBI |
|---|---|---|
| ICICI BankBanks | 4.06% | 4.04% |
| Kotak Mahindra BankBanks | 2.70% | 3.20% |
| State Bank of IndiaBanks | 2.48% | 3.79% |
| HDFC BankBanks | 3.12% | 2.39% |
| Reliance IndustriesPetroleum Products | 3.19% | 2.36% |
| InfosysIT - Software | 1.89% | 1.65% |
| Hindalco IndustriesNon - Ferrous Metals | 1.52% | 1.74% |
| Bharti AirtelTelecom - Services | 1.39% | 3.27% |
| Larsen & ToubroConstruction | 1.22% | 2.50% |
| Jindal SteelFerrous Metals | 1.18% | 1.01% |
| Adani PowerPower | 0.90% | 4.03% |
| Lenskart SolutionsRetailing | 0.89% | 1.43% |
| MeeshoRetailing | 0.85% | 0.77% |
| Asian PaintsConsumer Durables | 0.73% | 1.75% |
| Bajaj FinanceFinance | 0.73% | 2.49% |
| Avenue SupermartsRetailing | 0.71% | 1.59% |
| Vishal Mega MartRetailing | 0.65% | 1.01% |
| United BreweriesBeverages | 0.65% | 0.47% |
| ITCDiversified FMCG | 0.33% | 0.79% |
| NTPCPower | 0.13% | 0.88% |
| Varun BeveragesBeverages | 0.04% | 0.21% |
| DLFRealty | 0.03% | 0.91% |
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.