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19 of 109 unique stocks in common · Jaccard: 17.4%
A weighted portfolio overlap of 38.87% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹38.87 is allocated to the exact same companies at the same relative proportions. The schemes share 19 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 5.73% in ICICI Prudential Exports and Services 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 ICICI |
|---|---|---|
| ICICI BankBanks | 6.81% | 5.73% |
| HDFC BankBanks | 6.47% | 5.19% |
| InfosysIT - Software | 4.18% | 7.11% |
| Reliance IndustriesPetroleum Products | 4.24% | 3.80% |
| Larsen & ToubroConstruction | 2.49% | 3.91% |
| State Bank of IndiaBanks | 4.09% | 2.21% |
| Bharti AirtelTelecom - Services | 2.84% | 2.08% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.15% | 1.81% |
| Axis BankBanks | 3.98% | 1.65% |
| NTPCPower | 1.57% | 3.22% |
| Computer Age Management ServicesCapital Markets | 1.55% | 2.08% |
| Avenue SupermartsRetailing | 1.51% | 1.58% |
| Tech MahindraIT - Software | 2.36% | 1.37% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 2.88% | 0.82% |
| Mahindra & MahindraAutomobiles | 2.55% | 0.69% |
| Vinati OrganicsChemicals & Petrochemicals | 0.71% | 0.67% |
| EternalRetailing | 2.24% | 0.62% |
| Bajaj FinanceFinance | 1.68% | 0.49% |
| Thyrocare TechnologiesHealthcare Services | 0.93% | 0.45% |
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.