Loading fund overlap…
9 of 100 unique stocks in common · Jaccard: 9%
A weighted portfolio overlap of 15.29% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.29 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is AU Small Finance Bank, which commands a weight of 3.25% in Aditya Birla Sun Life Midcap Fund and 5.46% in Back to Index. Holding both schemes increases your concentration in AU Small Finance 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 |
|---|---|---|
| AU Small Finance BankBanks | 3.25% | 5.46% |
| The Federal BankBanks | 3.21% | 6.72% |
| Max Financial ServicesInsurance | 3.09% | 4.00% |
| PB FintechFinancial Technology (Fintech) | 1.78% | 5.40% |
| 360 One WamCapital Markets | 1.28% | 2.56% |
| Housing & Urban Development CorporationFinance | 2.00% | 1.05% |
| Bank of IndiaBanks | 0.75% | 1.62% |
| L&T FinanceFinance | 0.70% | 2.27% |
| Aditya Birla CapitalFinance | 0.17% | 2.71% |
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.