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23 of 106 unique stocks in common · Jaccard: 21.7%
A weighted portfolio overlap of 41.29% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹41.29 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.20% in Aditya Birla Sun Life Business Cycle 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 Business | in Aditya Birla Sun Life ELSS |
|---|---|---|
| ICICI BankBanks | 6.20% | 6.81% |
| State Bank of IndiaBanks | 4.05% | 4.09% |
| Reliance IndustriesPetroleum Products | 3.15% | 4.24% |
| HDFC BankBanks | 2.98% | 6.47% |
| Bharti AirtelTelecom - Services | 2.46% | 2.84% |
| Mahindra & MahindraAutomobiles | 2.42% | 2.55% |
| InfosysIT - Software | 2.41% | 4.18% |
| Tech MahindraIT - Software | 1.88% | 2.36% |
| Godrej Consumer ProductsPersonal Products | 1.88% | 1.84% |
| The Federal BankBanks | 1.59% | 2.45% |
| Adani PowerPower | 1.48% | 1.63% |
| Larsen & ToubroConstruction | 1.41% | 2.49% |
| Ultratech CementCement & Cement Products | 1.20% | 1.18% |
| Axis BankBanks | 1.13% | 3.98% |
| EternalRetailing | 1.08% | 2.24% |
| MeeshoRetailing | 1.06% | 1.26% |
| Cholamandalam Investment and Finance CompanyFinance | 0.93% | 1.46% |
| SBFC FinanceFinance | 1.31% | 0.87% |
| Medi Assist Healthcare ServicesInsurance | 0.83% | 0.86% |
| Persistent SystemsIT - Software | 1.35% | 0.74% |
| Go Digit General InsuranceInsurance | 0.91% | 0.69% |
| Sai Life SciencesPharmaceuticals & Biotechnology | 0.48% | 0.52% |
| Whirlpool of IndiaConsumer Durables | 0.84% | 0.45% |
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.