Loading fund overlap…
18 of 127 unique stocks in common · Jaccard: 14.2%
A weighted portfolio overlap of 14.38% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹14.38 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 Reliance Industries, which commands a weight of 13.09% in Aditya Birla Sun Life Conglomerate Fund and 6.60% 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% | 6.60% |
| Mahindra & MahindraAutomobiles | 4.65% | 1.61% |
| Cholamandalam Investment and Finance CompanyFinance | 1.46% | 4.54% |
| Grasim IndustriesCement & Cement Products | 3.43% | 1.30% |
| CG Power and Industrial SolutionsElectrical Equipment | 0.71% | 1.22% |
| Adani EnterprisesMetals & Minerals Trading | 4.25% | 0.39% |
| JSW SteelFerrous Metals | 1.52% | 0.39% |
| Bajaj FinanceFinance | 2.36% | 0.33% |
| Bajaj FinservFinance | 2.00% | 0.33% |
| Tata SteelFerrous Metals | 1.26% | 0.28% |
| Godrej PropertiesRealty | 1.78% | 0.27% |
| Larsen & ToubroConstruction | 6.45% | 0.19% |
| Ambuja CementsCement & Cement Products | 1.98% | 0.18% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 3.38% | 0.13% |
| Tube Investments of IndiaAuto Components | 4.13% | 0.07% |
| Adani Energy SolutionsPower | 2.13% | 0.06% |
| Ultratech CementCement & Cement Products | 2.17% | 0.06% |
| Hindalco IndustriesNon - Ferrous Metals | 1.06% | 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.