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18 of 140 unique stocks in common · Jaccard: 12.9%
A weighted portfolio overlap of 23.39% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.39 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 3.96% in HDFC Mid Cap Fund. 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 HDFC |
|---|---|---|
| AU Small Finance BankBanks | 3.25% | 3.96% |
| The Federal BankBanks | 3.21% | 4.36% |
| Max Financial ServicesInsurance | 3.09% | 3.72% |
| Jindal SteelFerrous Metals | 1.97% | 1.54% |
| PB FintechFinancial Technology (Fintech) | 1.78% | 1.49% |
| MphasisIT - Software | 1.49% | 1.59% |
| Vishal Mega MartRetailing | 1.42% | 2.30% |
| Persistent SystemsIT - Software | 1.42% | 1.81% |
| Fortis HealthcareHealthcare Services | 1.22% | 2.91% |
| Hexaware TechnologiesIT - Software | 1.33% | 0.80% |
| United SpiritsBeverages | 0.73% | 1.98% |
| IPCA LaboratoriesPharmaceuticals & Biotechnology | 0.70% | 3.01% |
| Dixon Technologies (India)Consumer Durables | 2.24% | 0.69% |
| City Union BankBanks | 1.14% | 0.65% |
| Bharat ForgeAuto Components | 0.62% | 1.35% |
| Supreme IndustriesIndustrial Products | 1.78% | 0.55% |
| Cholamandalam Financial HoldingsFinance | 0.90% | 0.33% |
| Billionbrains Garage VenturesCapital Markets | 1.21% | 0.19% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.