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16 of 105 unique stocks in common · Jaccard: 15.2%
A weighted portfolio overlap of 28.67% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.67 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 5.93% in Aditya Birla Sun Life Retirement Fund - The 40S Plan and 8.83% in HDFC Flexi Cap 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 HDFC |
|---|---|---|
| ICICI BankBanks | 5.93% | 8.83% |
| HDFC BankBanks | 4.31% | 6.48% |
| State Bank of IndiaBanks | 2.71% | 4.22% |
| Axis BankBanks | 2.25% | 6.84% |
| Larsen & ToubroConstruction | 2.13% | 3.55% |
| Kotak Mahindra BankBanks | 2.07% | 3.43% |
| Reliance IndustriesPetroleum Products | 3.33% | 2.01% |
| Bajaj AutoAutomobiles | 1.70% | 1.78% |
| InfosysIT - Software | 3.41% | 1.32% |
| EternalRetailing | 1.09% | 2.73% |
| SBI Life Insurance CompanyInsurance | 0.81% | 3.76% |
| Bank of BarodaBanks | 0.70% | 0.69% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.49% | 0.58% |
| Oil & Natural Gas CorporationOil | 1.49% | 0.58% |
| Dixon Technologies (India)Consumer Durables | 1.11% | 0.36% |
| BirlasoftIT - Software | 0.36% | 0.13% |
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.