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45 of 508 unique stocks in common · Jaccard: 8.9%
A weighted portfolio overlap of 20.46% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.46 is allocated to the exact same companies at the same relative proportions. The schemes share 45 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 13.09% in Aditya Birla Sun Life Conglomerate Fund and 4.99% in Back to Index. Holding both schemes increases your concentration in Reliance Industries 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 Back |
|---|---|---|
| Reliance IndustriesPetroleum Products | 13.09% | 4.99% |
| Larsen & ToubroConstruction | 6.45% | 2.43% |
| Mahindra & MahindraAutomobiles | 4.65% | 1.43% |
| Bajaj FinanceFinance | 2.36% | 1.29% |
| Tata SteelFerrous Metals | 1.26% | 0.90% |
| Hindalco IndustriesNon - Ferrous Metals | 1.06% | 0.78% |
| Ultratech CementCement & Cement Products | 2.17% | 0.71% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 3.38% | 0.63% |
| JSW SteelFerrous Metals | 1.52% | 0.61% |
| Grasim IndustriesCement & Cement Products | 3.43% | 0.55% |
| Bajaj FinservFinance | 2.00% | 0.52% |
| Tech MahindraIT - Software | 3.79% | 0.48% |
| TrentRetailing | 2.32% | 0.47% |
| Tata Consultancy ServicesIT - Software | 0.46% | 1.30% |
| Adani EnterprisesMetals & Minerals Trading | 4.25% | 0.36% |
| Cholamandalam Investment and Finance CompanyFinance | 1.46% | 0.35% |
| CG Power and Industrial SolutionsElectrical Equipment | 0.71% | 0.29% |
| Bharat ForgeAuto Components | 1.27% | 0.26% |
| Adani Energy SolutionsPower | 2.13% | 0.24% |
| VedantaDiversified Metals | 0.47% | 0.24% |
| Jindal SteelFerrous Metals | 1.67% | 0.23% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 0.45% | 0.23% |
| LTIMindtreeIT - Software | 2.95% | 0.20% |
| GMR AirportsTransport Infrastructure | 1.59% | 0.18% |
| VoltasConsumer Durables | 1.08% | 0.17% |
| Tube Investments of IndiaAuto Components | 4.13% | 0.16% |
| Ambuja CementsCement & Cement Products | 1.98% | 0.14% |
| Godrej PropertiesRealty | 1.78% | 0.14% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 0.64% | 0.11% |
| Malco EnergyOil | 0.11% | 0.11% |
| Jubilant FoodworksLeisure Services | 1.00% | 0.10% |
| Welspun CorpIndustrial Products | 3.44% | 0.09% |
| Tata CapitalFinance | 2.26% | 0.07% |
| Tata ChemicalsChemicals & Petrochemicals | 0.99% | 0.07% |
| Talwandi Sabo PowerPower | 0.06% | 0.11% |
| AtulChemicals & Petrochemicals | 1.21% | 0.06% |
| Carborundum UniversalIndustrial Products | 0.54% | 0.06% |
| L&T Technology ServicesIT - Services | 0.72% | 0.05% |
| Aditya Birla Real EstateRealty | 1.42% | 0.04% |
| CEATAuto Components | 1.14% | 0.04% |
| Firstsource SolutionsCommercial Services & Supplies | 1.50% | 0.04% |
| Vedanta Iron And SteelFerrous Metals | 0.03% | 0.11% |
| JSW DuluxConsumer Durables | 1.38% | 0.03% |
| PCBL ChemicalChemicals & Petrochemicals | 0.92% | 0.03% |
| Sonata SoftwareIT - Software | 0.65% | 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 Apr 2026). Equity holdings only, ISIN-verified. Not investment advice.