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11 of 98 unique stocks in common · Jaccard: 11.2%
A weighted portfolio overlap of 23.35% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.35 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 13.26% in Aditya Birla Sun Life Banking And Financial Services Fund and 6.20% in Aditya Birla Sun Life Business Cycle 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 Birla Sun Life Banking | in Aditya Birla Sun Life Business |
|---|---|---|
| ICICI BankBanks | 13.26% | 6.20% |
| State Bank of IndiaBanks | 5.79% | 4.05% |
| HDFC BankBanks | 11.79% | 2.98% |
| Kotak Mahindra BankBanks | 3.84% | 2.72% |
| ICICI Lombard General Insurance CompanyInsurance | 2.81% | 1.57% |
| Shriram FinanceFinance | 4.99% | 1.53% |
| AU Small Finance BankBanks | 3.86% | 1.14% |
| Axis BankBanks | 8.25% | 1.13% |
| SBFC FinanceFinance | 0.91% | 1.31% |
| Bank of MaharashtraBanks | 2.78% | 0.69% |
| Go Digit General InsuranceInsurance | 0.44% | 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 Apr 2026). Equity holdings only, ISIN-verified. Not investment advice.