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12 of 87 unique stocks in common · Jaccard: 13.8%
A weighted portfolio overlap of 23.23% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.23 is allocated to the exact same companies at the same relative proportions. The schemes share 12 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 4.04% in SBI Equity Hybrid 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 SBI |
|---|---|---|
| ICICI BankBanks | 5.93% | 4.04% |
| State Bank of IndiaBanks | 2.71% | 3.79% |
| HDFC BankBanks | 4.31% | 2.39% |
| Reliance IndustriesPetroleum Products | 3.33% | 2.36% |
| Larsen & ToubroConstruction | 2.13% | 2.50% |
| Kotak Mahindra BankBanks | 2.07% | 3.20% |
| Hindalco IndustriesNon - Ferrous Metals | 2.30% | 1.74% |
| InfosysIT - Software | 3.41% | 1.65% |
| Avenue SupermartsRetailing | 1.62% | 1.59% |
| Bajaj FinanceFinance | 0.90% | 2.49% |
| NTPCPower | 1.80% | 0.88% |
| MeeshoRetailing | 0.77% | 0.77% |
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.