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4 of 95 unique stocks in common · Jaccard: 4.2%
A weighted portfolio overlap of 6.39% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.39 is allocated to the exact same companies at the same relative proportions. The schemes share 4 common holdings.
The largest overlapping asset in their portfolios is Honeywell Automation India, which commands a weight of 2.15% in Aditya Birla Sun Life MNC Fund and 4.71% in Nippon India Focused Equity Fund. Holding both schemes increases your concentration in Honeywell Automation India 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 |
|---|---|---|
| Honeywell Automation IndiaIndustrial Manufacturing | 2.15% | 4.71% |
| 3M IndiaDiversified | 1.98% | 3.61% |
| Whirlpool of IndiaConsumer Durables | 1.49% | 1.69% |
| Thomas Cook (India)Leisure Services | 0.77% | 2.46% |
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.