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6 of 81 unique stocks in common · Jaccard: 7.4%
A weighted portfolio overlap of 12.08% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹12.08 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Tata Consultancy Services, which commands a weight of 7.87% in Aditya Birla Sun Life Digital India Fund and 3.62% in Nippon India Retirement Fund - Wealth Creation Scheme. Holding both schemes increases your concentration in Tata Consultancy Services 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 Nippon |
|---|---|---|
| Tata Consultancy ServicesIT - Software | 7.87% | 3.62% |
| InfosysIT - Software | 15.45% | 2.30% |
| EternalRetailing | 6.25% | 2.19% |
| LTIMindtreeIT - Software | 4.61% | 1.83% |
| Affle 3iIT - Services | 1.09% | 1.20% |
| Cyient DLMAerospace & Defense | 1.05% | 2.13% |
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.