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13 of 111 unique stocks in common · Jaccard: 11.7%
A weighted portfolio overlap of 33.84% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.84 is allocated to the exact same companies at the same relative proportions. The schemes share 13 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 8.83% in HDFC Flexi Cap 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 HDFC |
|---|---|---|
| ICICI BankBanks | 6.81% | 8.83% |
| HDFC BankBanks | 6.47% | 6.48% |
| State Bank of IndiaBanks | 4.09% | 4.22% |
| Axis BankBanks | 3.98% | 6.84% |
| Bharti AirtelTelecom - Services | 2.84% | 2.96% |
| Larsen & ToubroConstruction | 2.49% | 3.55% |
| EternalRetailing | 2.24% | 2.73% |
| Reliance IndustriesPetroleum Products | 4.24% | 2.01% |
| InfosysIT - Software | 4.18% | 1.32% |
| Persistent SystemsIT - Software | 0.74% | 1.25% |
| Prestige Estates ProjectsRealty | 0.55% | 0.45% |
| Dixon Technologies (India)Consumer Durables | 0.95% | 0.36% |
| Nippon Life India Asset ManagementCapital Markets | 0.64% | 0.05% |
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.