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22 of 102 unique stocks in common · Jaccard: 21.6%
A weighted portfolio overlap of 29.83% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.83 is allocated to the exact same companies at the same relative proportions. The schemes share 22 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.14% in Aditya Birla Sun Life Multi Asset Allocation Fund and 9.27% in DSP ELSS Tax Saver Fund. Holding both schemes increases your concentration in ICICI 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 DSP |
|---|---|---|
| ICICI BankBanks | 4.14% | 9.27% |
| Axis BankBanks | 3.25% | 7.47% |
| Bharti AirtelTelecom - Services | 2.17% | 3.38% |
| InfosysIT - Software | 2.15% | 2.56% |
| HDFC BankBanks | 1.86% | 8.78% |
| Kotak Mahindra BankBanks | 1.67% | 3.12% |
| Larsen & ToubroConstruction | 2.08% | 1.59% |
| Hindustan UnileverDiversified FMCG | 1.83% | 1.52% |
| State Bank of IndiaBanks | 1.26% | 4.13% |
| EternalRetailing | 1.25% | 1.38% |
| Mahindra & MahindraAutomobiles | 1.07% | 2.42% |
| Hindustan Petroleum CorporationPetroleum Products | 1.13% | 1.06% |
| NTPCPower | 0.96% | 1.81% |
| CoforgeIT - Software | 0.89% | 1.62% |
| Ultratech CementCement & Cement Products | 0.84% | 1.07% |
| Shriram FinanceFinance | 0.78% | 1.05% |
| Sansera EngineeringAuto Components | 1.10% | 0.71% |
| IPCA LaboratoriesPharmaceuticals & Biotechnology | 0.62% | 1.63% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.62% | 1.35% |
| ITCDiversified FMCG | 0.57% | 1.20% |
| Max Financial ServicesInsurance | 0.55% | 1.90% |
| Container Corporation of IndiaTransport Services | 0.32% | 0.70% |
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.