Loading fund overlap…
19 of 110 unique stocks in common · Jaccard: 17.3%
A weighted portfolio overlap of 32.45% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.45 is allocated to the exact same companies at the same relative proportions. The schemes share 19 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 4.79% in Kotak Contra 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 Kotak |
|---|---|---|
| ICICI BankBanks | 6.20% | 4.79% |
| State Bank of IndiaBanks | 4.05% | 3.27% |
| Reliance IndustriesPetroleum Products | 3.15% | 3.02% |
| HDFC BankBanks | 2.98% | 5.12% |
| Bharti AirtelTelecom - Services | 2.46% | 2.54% |
| Tech MahindraIT - Software | 1.88% | 1.95% |
| InfosysIT - Software | 2.41% | 1.78% |
| Shriram FinanceFinance | 1.53% | 2.64% |
| Jindal SteelFerrous Metals | 2.30% | 1.48% |
| Larsen & ToubroConstruction | 1.41% | 2.73% |
| Ultratech CementCement & Cement Products | 1.20% | 1.95% |
| Godrej Consumer ProductsPersonal Products | 1.88% | 1.16% |
| Axis BankBanks | 1.13% | 2.18% |
| Maruti Suzuki IndiaAutomobiles | 1.02% | 2.16% |
| Ajanta PharmaPharmaceuticals & Biotechnology | 1.58% | 0.97% |
| Vishal Mega MartRetailing | 1.01% | 0.80% |
| Bank of MaharashtraBanks | 0.69% | 1.41% |
| Happy ForgingsIndustrial Products | 1.60% | 0.63% |
| Schaeffler IndiaAuto Components | 1.10% | 0.25% |
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.