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18 of 117 unique stocks in common · Jaccard: 15.4%
A weighted portfolio overlap of 31.94% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.94 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 8.83% in HDFC Flexi Cap 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 HDFC |
|---|---|---|
| ICICI BankBanks | 6.20% | 8.83% |
| State Bank of IndiaBanks | 4.05% | 4.22% |
| HDFC BankBanks | 2.98% | 6.48% |
| Kotak Mahindra BankBanks | 2.72% | 3.43% |
| Bharti AirtelTelecom - Services | 2.46% | 2.96% |
| Reliance IndustriesPetroleum Products | 3.15% | 2.01% |
| HCL TechnologiesIT - Software | 1.82% | 2.47% |
| Larsen & ToubroConstruction | 1.41% | 3.55% |
| InfosysIT - Software | 2.41% | 1.32% |
| Persistent SystemsIT - Software | 1.35% | 1.25% |
| Axis BankBanks | 1.13% | 6.84% |
| EternalRetailing | 1.08% | 2.73% |
| Maruti Suzuki IndiaAutomobiles | 1.02% | 2.91% |
| Vishal Mega MartRetailing | 1.01% | 0.70% |
| Dr. Lal Path LabsHealthcare Services | 0.93% | 0.66% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.36% | 0.58% |
| Lenskart SolutionsRetailing | 1.83% | 0.51% |
| Hexaware TechnologiesIT - Software | 0.62% | 0.03% |
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.