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19 of 90 unique stocks in common · Jaccard: 21.1%
A weighted portfolio overlap of 50.13% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹50.13 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 8.30% in UTI Nifty 50 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 UTI |
|---|---|---|
| ICICI BankBanks | 6.81% | 8.30% |
| HDFC BankBanks | 6.47% | 10.53% |
| Reliance IndustriesPetroleum Products | 4.24% | 8.25% |
| InfosysIT - Software | 4.18% | 3.76% |
| State Bank of IndiaBanks | 4.09% | 3.70% |
| Axis BankBanks | 3.98% | 3.41% |
| Bharti AirtelTelecom - Services | 2.84% | 5.19% |
| Mahindra & MahindraAutomobiles | 2.55% | 2.52% |
| Larsen & ToubroConstruction | 2.49% | 4.42% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.15% | 1.76% |
| Bajaj FinanceFinance | 1.68% | 2.25% |
| EternalRetailing | 2.24% | 1.67% |
| NTPCPower | 1.57% | 1.70% |
| Hindalco IndustriesNon - Ferrous Metals | 2.40% | 1.51% |
| Titan CompanyConsumer Durables | 1.44% | 1.55% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 2.88% | 1.23% |
| Ultratech CementCement & Cement Products | 1.18% | 1.26% |
| Hindustan UnileverDiversified FMCG | 1.00% | 1.77% |
| Tech MahindraIT - Software | 2.36% | 0.87% |
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.