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20 of 88 unique stocks in common · Jaccard: 22.7%
A weighted portfolio overlap of 33.23% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.23 is allocated to the exact same companies at the same relative proportions. The schemes share 20 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 6.24% in UTI Balanced Advantage 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 UTI |
|---|---|---|
| ICICI BankBanks | 5.93% | 6.24% |
| HDFC BankBanks | 4.31% | 7.33% |
| Reliance IndustriesPetroleum Products | 3.33% | 4.80% |
| InfosysIT - Software | 3.41% | 2.67% |
| State Bank of IndiaBanks | 2.71% | 2.57% |
| Axis BankBanks | 2.25% | 2.79% |
| Kotak Mahindra BankBanks | 2.07% | 2.95% |
| Larsen & ToubroConstruction | 2.13% | 1.78% |
| Titan CompanyConsumer Durables | 1.13% | 1.42% |
| EternalRetailing | 1.09% | 1.78% |
| NTPCPower | 1.80% | 0.97% |
| Ultratech CementCement & Cement Products | 2.91% | 0.91% |
| Bajaj FinanceFinance | 0.90% | 2.55% |
| Oil & Natural Gas CorporationOil | 1.49% | 0.73% |
| SBI Life Insurance CompanyInsurance | 0.81% | 0.68% |
| ICICI Lombard General Insurance CompanyInsurance | 1.72% | 0.60% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.73% | 0.45% |
| Bajaj AutoAutomobiles | 1.70% | 0.38% |
| Avenue SupermartsRetailing | 1.62% | 0.28% |
| H.G. Infra EngineeringConstruction | 0.40% | 0.20% |
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.