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9 of 89 unique stocks in common · Jaccard: 10.1%
A weighted portfolio overlap of 26.21% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.21 is allocated to the exact same companies at the same relative proportions. The schemes share 9 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 6.81% in Aditya Birla Sun Life ELSS Tax Saver 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 ELSS |
|---|---|---|
| ICICI BankBanks | 13.26% | 6.81% |
| HDFC BankBanks | 11.79% | 6.47% |
| State Bank of IndiaBanks | 5.79% | 4.09% |
| Axis BankBanks | 8.25% | 3.98% |
| Bajaj FinanceFinance | 5.66% | 1.68% |
| Computer Age Management ServicesCapital Markets | 1.09% | 1.55% |
| SBFC FinanceFinance | 0.91% | 0.87% |
| Home First Finance Company IndiaFinance | 1.17% | 0.79% |
| Go Digit General InsuranceInsurance | 0.44% | 0.69% |
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.