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9 of 78 unique stocks in common · Jaccard: 11.5%
A weighted portfolio overlap of 31.47% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.47 is allocated to the exact same companies at the same relative proportions. The schemes share 9 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 8.03% in Nippon India Focused Equity 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 Nippon |
|---|---|---|
| ICICI BankBanks | 6.81% | 8.03% |
| HDFC BankBanks | 6.47% | 9.41% |
| Reliance IndustriesPetroleum Products | 4.24% | 4.62% |
| InfosysIT - Software | 4.18% | 5.11% |
| Axis BankBanks | 3.98% | 7.36% |
| State Bank of IndiaBanks | 4.09% | 2.60% |
| Tech MahindraIT - Software | 2.36% | 2.06% |
| Thomas Cook (India)Leisure Services | 0.69% | 2.46% |
| Whirlpool of IndiaConsumer Durables | 0.45% | 1.69% |
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.