Aditya Birla Sun Life Small Cap Fund vs ICICI Prudential Large Cap Fund

A weighted portfolio overlap of 0.42% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹0.42 is allocated to the exact same companies at the same relative proportions. The schemes share 1 common holdings.

The largest overlapping asset in their portfolios is Swiggy, which commands a weight of 0.87% in Aditya Birla Sun Life Small Cap Fund and 0.42% in ICICI Prudential Large Cap Fund. Holding both schemes increases your concentration in Swiggy 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).