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12 of 155 unique stocks in common · Jaccard: 7.7%
A weighted portfolio overlap of 11.48% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.48 is allocated to the exact same companies at the same relative proportions. The schemes share 12 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 8.47% in NJ Balanced Advantage 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 NJ |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.53% | 8.47% |
| Bajaj AutoAutomobiles | 2.03% | 3.05% |
| Ajanta PharmaPharmaceuticals & Biotechnology | 1.71% | 1.96% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.97% | 1.45% |
| Asian PaintsConsumer Durables | 1.36% | 1.26% |
| Alkyl Amines ChemicalsChemicals & Petrochemicals | 0.75% | 0.24% |
| Sona BLW Precision ForgingsAuto Components | 1.98% | 0.17% |
| Tata SteelFerrous Metals | 3.28% | 0.03% |
| Exide IndustriesAuto Components | 1.01% | 0.02% |
| Samvardhana Motherson InternationalAuto Components | 2.02% | 0.02% |
| Mahindra & MahindraAutomobiles | 3.87% | 0.01% |
| Hindalco IndustriesNon - Ferrous Metals | 5.38% | 0.00% |
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.