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9 of 56 unique stocks in common · Jaccard: 16.1%
A weighted portfolio overlap of 46.65% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹46.65 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 16.43% in Nippon India Banking & Financial Services 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 Nippon |
|---|---|---|
| ICICI BankBanks | 13.26% | 16.43% |
| HDFC BankBanks | 11.79% | 18.28% |
| Axis BankBanks | 8.25% | 9.34% |
| State Bank of IndiaBanks | 5.79% | 6.20% |
| SBI Life Insurance CompanyInsurance | 2.74% | 3.67% |
| ICICI Lombard General Insurance CompanyInsurance | 2.81% | 1.67% |
| Cholamandalam Financial HoldingsFinance | 1.40% | 2.23% |
| Bajaj FinservFinance | 0.99% | 1.96% |
| IndusInd BankBanks | 0.77% | 3.36% |
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.