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15 of 101 unique stocks in common · Jaccard: 14.9%
A weighted portfolio overlap of 19.55% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.55 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.13% in Aditya Birla Sun Life Large Cap Fund and 3.36% in Nippon India Innovation 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 | 7.13% | 3.36% |
| Axis BankBanks | 3.83% | 3.33% |
| HDFC BankBanks | 6.79% | 3.14% |
| EternalRetailing | 2.09% | 3.39% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.23% | 2.87% |
| Avenue SupermartsRetailing | 1.21% | 1.98% |
| Bajaj FinservFinance | 0.85% | 4.05% |
| ICICI Lombard General Insurance CompanyInsurance | 0.77% | 1.89% |
| Hindustan UnileverDiversified FMCG | 0.85% | 0.77% |
| Samvardhana Motherson InternationalAuto Components | 0.75% | 4.02% |
| TVS Motor CompanyAutomobiles | 0.63% | 1.61% |
| Bayer CropscienceFertilizers & Agrochemicals | 0.54% | 1.51% |
| DelhiveryTransport Services | 0.37% | 2.16% |
| Sanofi IndiaPharmaceuticals & Biotechnology | 0.29% | 1.90% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.22% | 3.87% |
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 Apr 2026). Equity holdings only, ISIN-verified. Not investment advice.