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13 of 47 unique stocks in common · Jaccard: 27.7%
A weighted portfolio overlap of 40.6% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.6 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 5.69% in Aditya Birla Sun Life Focused Fund and 13.42% in Back to Index. 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 Back |
|---|---|---|
| ICICI BankBanks | 5.69% | 13.42% |
| InfosysIT - Software | 5.20% | 6.16% |
| HDFC BankBanks | 3.99% | 17.55% |
| Bharti AirtelTelecom - Services | 3.99% | 8.60% |
| State Bank of IndiaBanks | 3.92% | 6.59% |
| Axis BankBanks | 3.88% | 5.41% |
| NTPCPower | 3.71% | 2.81% |
| EternalRetailing | 3.43% | 2.64% |
| Bajaj FinanceFinance | 2.11% | 3.72% |
| Shriram FinanceFinance | 3.77% | 1.95% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 3.66% | 1.82% |
| Tech MahindraIT - Software | 3.73% | 1.39% |
| SBI Life Insurance CompanyInsurance | 3.37% | 1.21% |
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 Apr 2026). Equity holdings only, ISIN-verified. Not investment advice.