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19 of 121 unique stocks in common · Jaccard: 15.7%
A weighted portfolio overlap of 43.12% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹43.12 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 8.72% in ICICI Prudential Large 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 ICICI |
|---|---|---|
| ICICI BankBanks | 6.81% | 8.72% |
| HDFC BankBanks | 6.47% | 8.46% |
| Reliance IndustriesPetroleum Products | 4.24% | 5.41% |
| Axis BankBanks | 3.98% | 4.67% |
| InfosysIT - Software | 4.18% | 3.60% |
| Bharti AirtelTelecom - Services | 2.84% | 4.34% |
| Larsen & ToubroConstruction | 2.49% | 5.38% |
| Mahindra & MahindraAutomobiles | 2.55% | 2.34% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.15% | 2.65% |
| NTPCPower | 1.57% | 2.38% |
| Ultratech CementCement & Cement Products | 1.18% | 2.69% |
| State Bank of IndiaBanks | 4.09% | 1.02% |
| Avenue SupermartsRetailing | 1.51% | 0.92% |
| Cummins IndiaIndustrial Products | 2.19% | 0.91% |
| Hindustan UnileverDiversified FMCG | 1.00% | 0.83% |
| EternalRetailing | 2.24% | 0.54% |
| Tech MahindraIT - Software | 2.36% | 0.50% |
| Titan CompanyConsumer Durables | 1.44% | 0.43% |
| Godrej Consumer ProductsPersonal Products | 1.84% | 0.33% |
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.