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18 of 71 unique stocks in common · Jaccard: 25.4%
A weighted portfolio overlap of 51.24% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹51.24 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 10.14% in SBI BSE Sensex ETF. 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 SBI |
|---|---|---|
| ICICI BankBanks | 6.81% | 10.14% |
| HDFC BankBanks | 6.47% | 12.80% |
| Reliance IndustriesPetroleum Products | 4.24% | 10.08% |
| InfosysIT - Software | 4.18% | 4.56% |
| State Bank of IndiaBanks | 4.09% | 4.52% |
| Axis BankBanks | 3.98% | 4.15% |
| Bharti AirtelTelecom - Services | 2.84% | 5.89% |
| Mahindra & MahindraAutomobiles | 2.55% | 3.07% |
| Larsen & ToubroConstruction | 2.49% | 5.38% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.15% | 2.19% |
| EternalRetailing | 2.24% | 2.02% |
| Bajaj FinanceFinance | 1.68% | 2.73% |
| NTPCPower | 1.57% | 2.07% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 2.88% | 1.50% |
| Titan CompanyConsumer Durables | 1.44% | 1.88% |
| Ultratech CementCement & Cement Products | 1.18% | 1.52% |
| Tech MahindraIT - Software | 2.36% | 1.07% |
| Hindustan UnileverDiversified FMCG | 1.00% | 2.16% |
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.