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16 of 130 unique stocks in common · Jaccard: 12.3%
A weighted portfolio overlap of 18.23% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.23 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 4.53% in Aditya Birla Sun Life Manufacturing Equity Fund and 5.41% in ICICI Prudential Large Cap Fund. Holding both schemes increases your concentration in Reliance Industries 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 ICICI |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.53% | 5.41% |
| Maruti Suzuki IndiaAutomobiles | 3.55% | 3.55% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.97% | 2.65% |
| Mahindra & MahindraAutomobiles | 3.87% | 2.34% |
| Asian PaintsConsumer Durables | 1.36% | 2.02% |
| Cummins IndiaIndustrial Products | 3.89% | 0.91% |
| United SpiritsBeverages | 0.86% | 0.97% |
| Tata SteelFerrous Metals | 3.28% | 0.43% |
| ABB IndiaElectrical Equipment | 1.25% | 0.36% |
| United BreweriesBeverages | 2.11% | 0.30% |
| VedantaDiversified Metals | 1.29% | 0.29% |
| Bajaj AutoAutomobiles | 2.03% | 0.17% |
| Malco EnergyOil | 0.29% | 0.13% |
| Talwandi Sabo PowerPower | 0.17% | 0.13% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 1.75% | 0.13% |
| Vedanta Iron And SteelFerrous Metals | 0.09% | 0.13% |
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.