Loading fund overlap…
6 of 94 unique stocks in common · Jaccard: 6.4%
A weighted portfolio overlap of 8.17% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.17 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Aditya Birla Sun Life AMC, which commands a weight of 4.60% in Back to Index and 1.89% in Lic Mf Small Cap Fund. Holding both schemes increases your concentration in Aditya Birla Sun Life AMC 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 Back | in Lic |
|---|---|---|
| Aditya Birla Sun Life AMCCapital Markets | 4.60% | 1.89% |
| Multi Commodity Exchange of IndiaCapital Markets | 6.03% | 1.65% |
| One 97 CommunicationsFinancial Technology (Fintech) | 4.81% | 1.40% |
| DCB BankBanks | 2.22% | 1.22% |
| Avalon TechnologiesElectrical Equipment | 1.02% | 3.67% |
| Cholamandalam Financial HoldingsFinance | 0.99% | 1.79% |
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.