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11 of 128 unique stocks in common · Jaccard: 8.6%
A weighted portfolio overlap of 15.34% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.34 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 2.98% in Aditya Birla Sun Life Value Fund and 3.06% in ICICI Prudential Innovation Fund. Holding both schemes increases your concentration in Axis 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 ICICI |
|---|---|---|
| Axis BankBanks | 2.98% | 3.06% |
| ICICI BankBanks | 2.91% | 4.61% |
| NTPCPower | 2.93% | 2.07% |
| SwiggyRetailing | 2.24% | 1.99% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.30% | 1.41% |
| Multi Commodity Exchange of IndiaCapital Markets | 2.79% | 1.19% |
| MphasisIT - Software | 0.94% | 1.75% |
| Larsen & ToubroConstruction | 0.68% | 1.34% |
| Angel OneCapital Markets | 1.42% | 0.51% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.48% | 1.67% |
| Capillary Technologies IndiaIT - Software | 0.19% | 1.09% |
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.