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14 of 88 unique stocks in common · Jaccard: 15.9%
A weighted portfolio overlap of 27.97% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.97 is allocated to the exact same companies at the same relative proportions. The schemes share 14 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 4.04% in SBI Equity Hybrid 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 SBI |
|---|---|---|
| ICICI BankBanks | 6.81% | 4.04% |
| State Bank of IndiaBanks | 4.09% | 3.79% |
| Bharti AirtelTelecom - Services | 2.84% | 3.27% |
| Larsen & ToubroConstruction | 2.49% | 2.50% |
| HDFC BankBanks | 6.47% | 2.39% |
| Reliance IndustriesPetroleum Products | 4.24% | 2.36% |
| Hindalco IndustriesNon - Ferrous Metals | 2.40% | 1.74% |
| Bajaj FinanceFinance | 1.68% | 2.49% |
| InfosysIT - Software | 4.18% | 1.65% |
| Adani PowerPower | 1.63% | 4.03% |
| Avenue SupermartsRetailing | 1.51% | 1.59% |
| NTPCPower | 1.57% | 0.88% |
| MeeshoRetailing | 1.26% | 0.77% |
| Varun BeveragesBeverages | 1.73% | 0.21% |
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.