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27 of 88 unique stocks in common · Jaccard: 30.7%
A weighted portfolio overlap of 43.99% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹43.99 is allocated to the exact same companies at the same relative proportions. The schemes share 27 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.81% in Aditya Birla Sun Life ELSS Tax Saver Fund and 5.93% in Aditya Birla Sun Life Retirement Fund - The 40S Plan. 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 Birla Sun Life ELSS | in Aditya Birla Sun Life Retirement |
|---|---|---|
| ICICI BankBanks | 6.81% | 5.93% |
| HDFC BankBanks | 6.47% | 4.31% |
| InfosysIT - Software | 4.18% | 3.41% |
| Reliance IndustriesPetroleum Products | 4.24% | 3.33% |
| State Bank of IndiaBanks | 4.09% | 2.71% |
| Hindalco IndustriesNon - Ferrous Metals | 2.40% | 2.30% |
| Axis BankBanks | 3.98% | 2.25% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.15% | 2.67% |
| Larsen & ToubroConstruction | 2.49% | 2.13% |
| NTPCPower | 1.57% | 1.80% |
| Avenue SupermartsRetailing | 1.51% | 1.62% |
| Fortis HealthcareHealthcare Services | 2.49% | 1.23% |
| Ultratech CementCement & Cement Products | 1.18% | 2.91% |
| Titan CompanyConsumer Durables | 1.44% | 1.13% |
| EternalRetailing | 2.24% | 1.09% |
| Max Financial ServicesInsurance | 1.04% | 1.26% |
| Dixon Technologies (India)Consumer Durables | 0.95% | 1.11% |
| Bajaj FinanceFinance | 1.68% | 0.90% |
| SBFC FinanceFinance | 0.87% | 1.03% |
| MeeshoRetailing | 1.26% | 0.77% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 2.88% | 0.73% |
| Godrej Consumer ProductsPersonal Products | 1.84% | 0.61% |
| Vinati OrganicsChemicals & Petrochemicals | 0.71% | 0.54% |
| Sai Life SciencesPharmaceuticals & Biotechnology | 0.52% | 1.42% |
| Whirlpool of IndiaConsumer Durables | 0.45% | 0.70% |
| Cholamandalam Investment and Finance CompanyFinance | 1.46% | 0.23% |
| Medi Assist Healthcare ServicesInsurance | 0.86% | 0.15% |
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.