ADITYA BIRLA SUN LIFE ARBITRAGE FUND vs EDELWEISS ARBITRAGE FUND

ABSL vs Edelweiss· Portfolio Overlap Analysis

46.9%High Overlap

167 common stocksRank #13410 / 20,000

Investor takeaway: At 46.9% overlap, a significant part of these portfolios is identical. Despite coming from different AMCs, the stock picks still converge heavily. Make sure both funds actually serve different jobs in your allocation.

Common Holdings (167)

Stock	Wt% in ADITYA BIRLA SUN LIFE ARBITRAG	Wt% in EDELWEISS ARBITRAGE	Overlap
HDFC Bank Limited Banks	4.42%	6.19%	4.42%
ICICI Bank Limited Banks	3.13%	3.07%	3.07%
Reliance Industries Limited Petroleum Products	3.92%	2.20%	2.20%
Vodafone Idea Limited Telecom - Services	1.79%	2.54%	1.79%
Eternal Limited Retailing	1.77%	2.30%	1.77%
Axis Bank Limited Banks	2.91%	1.30%	1.30%
Steel Authority of India Limited Ferrous Metals	1.09%	2.03%	1.09%
Multi Commodity Exchange of India Limited Capital Markets	0.98%	1.24%	0.98%
JSW Steel Limited Ferrous Metals	0.97%	2.29%	0.97%
Vedanta Limited Diversified Metals	0.89%	1.60%	0.89%
ITC Limited Diversified FMCG	0.89%	1.37%	0.89%
Indus Towers Limited Telecom - Services	1.28%	0.81%	0.81%
Britannia Industries Limited Food Products	0.76%	0.74%	0.74%
NMDC Limited Minerals & Mining	0.74%	1.99%	0.74%
Grasim Industries Limited Cement & Cement Products	0.74%	0.92%	0.74%
Kotak Mahindra Bank Limited Banks	1.55%	0.72%	0.72%
Maruti Suzuki India Limited Automobiles	1.23%	0.72%	0.72%
Mahindra & Mahindra Limited Automobiles	1.75%	0.71%	0.71%
Tata Steel Limited Ferrous Metals	0.70%	0.69%	0.69%
Aurobindo Pharma Limited Pharmaceuticals & Biotechnology	0.69%	0.84%	0.69%
Jio Financial Services Limited Finance	0.65%	0.92%	0.65%
Oil & Natural Gas Corporation Limited Oil	0.64%	0.79%	0.64%
Bharat Electronics Limited Aerospace & Defense	0.91%	0.62%	0.62%
GAIL (India) Limited Gas	0.51%	0.56%	0.51%
Yes Bank Limited Banks	0.45%	0.76%	0.45%
Patanjali Foods Limited Agricultural Food & other Products	0.54%	0.44%	0.44%
Glenmark Pharmaceuticals Limited Pharmaceuticals & Biotechnology	0.43%	1.37%	0.43%
APL Apollo Tubes Limited Industrial Products	0.58%	0.40%	0.40%
Hindustan Aeronautics Limited Aerospace & Defense	0.40%	0.60%	0.40%
Hindustan Petroleum Corporation Limited Petroleum Products	0.39%	0.81%	0.39%
Sammaan Capital Limited Finance	0.39%	0.41%	0.39%
RBL Bank Limited Banks	0.39%	0.47%	0.39%
Titan Company Limited Consumer Durables	0.75%	0.38%	0.38%
DLF Limited Realty	0.38%	0.58%	0.38%
Shriram Finance Ltd Finance	0.71%	0.36%	0.36%
Punjab National Bank Banks	0.34%	0.65%	0.34%
Marico Limited Agricultural Food & other Products	0.34%	0.68%	0.34%
NTPC Limited Power	0.76%	0.33%	0.33%
Adani Ports and Special Economic Zone Limited Transport Infrastructure	0.36%	0.31%	0.31%
POLYCAB INDIA Limited Industrial Products	0.31%	0.72%	0.31%
Bajaj Finserv Limited Finance	0.72%	0.30%	0.30%
Apollo Hospitals Enterprise Limited Healthcare Services	0.63%	0.30%	0.30%
Sun Pharmaceutical Industries Limited Pharmaceuticals & Biotechnology	0.53%	0.29%	0.29%
KALYAN JEWELLERS INDIA LTD Consumer Durables	0.29%	0.32%	0.29%
Crompton Greaves Consumer Electricals Limited Consumer Durables	0.28%	0.44%	0.28%
LIC Housing Finance Limited Finance	0.28%	0.33%	0.28%
Bandhan Bank Limited Banks	0.44%	0.27%	0.27%
UPL Limited Fertilizers & Agrochemicals	0.27%	0.45%	0.27%
InterGlobe Aviation Limited Transport Services	0.27%	0.48%	0.27%
Godrej Properties Limited Realty	0.29%	0.25%	0.25%
Adani Energy Solutions Limited Power	0.25%	0.86%	0.25%
AU Small Finance Bank Limited Banks	0.25%	0.58%	0.25%
Hindustan Zinc Limited Non - Ferrous Metals	0.83%	0.24%	0.24%
State Bank of India Banks	0.24%	0.27%	0.24%
Bank of India Banks	0.29%	0.23%	0.23%
Bajaj Finance Limited Finance	0.87%	0.22%	0.22%
GMR Airport Ltd Transport Infrastructure	0.38%	0.22%	0.22%
Eicher Motors Limited Automobiles	0.29%	0.22%	0.22%
Exide Industries Limited Auto Components	0.22%	0.34%	0.22%
Nestle India Limited Food Products	0.22%	0.46%	0.22%
Divi's Laboratories Limited Pharmaceuticals & Biotechnology	0.21%	0.21%	0.21%
JSW Energy Limited Power	0.21%	0.56%	0.21%
TVS Motor Company Limited Automobiles	0.42%	0.20%	0.20%
Canara Bank Banks	0.20%	0.70%	0.20%
Varun Beverages Limited Beverages	0.20%	0.40%	0.20%
Bharat Heavy Electricals Limited Electrical Equipment	0.40%	0.19%	0.19%
PNB Housing Finance Limited Finance	0.30%	0.19%	0.19%
Indian Oil Corporation Limited Petroleum Products	0.25%	0.19%	0.19%
HDFC Life Insurance Company Limited Insurance	0.18%	0.20%	0.18%
PB Fintech Limited Financial Technology (Fintech)	0.21%	0.17%	0.17%
Ambuja Cements Limited Cement & Cement Products	0.20%	0.17%	0.17%
Solar Industries India Limited Chemicals & Petrochemicals	0.17%	0.42%	0.17%
Asian Paints Limited Consumer Durables	0.17%	0.22%	0.17%
Max Financial Services Limited Insurance	0.17%	0.18%	0.17%
Tech Mahindra Limited IT - Software	0.17%	0.19%	0.17%
Bank of Baroda Banks	0.44%	0.16%	0.16%
NBCC (India) Limited Construction	0.22%	0.16%	0.16%
Mazagon Dock Shipbuilders Limited Industrial Manufacturing	0.19%	0.15%	0.15%
Petronet LNG Limited Gas	0.15%	0.34%	0.15%
UltraTech Cement Limited Cement & Cement Products	0.51%	0.14%	0.14%
Lodha Developers Limited Realty	0.27%	0.14%	0.14%
Adani Green Energy Limited Power	0.14%	0.76%	0.14%
Suzlon Energy Limited Electrical Equipment	0.17%	0.13%	0.13%
Biocon Limited Pharmaceuticals & Biotechnology	0.22%	0.12%	0.12%
Fortis Healthcare Limited Healthcare Services	0.12%	0.40%	0.12%
United Spirits Limited Beverages	0.47%	0.11%	0.11%
Dr. Reddys Laboratories Limited Pharmaceuticals & Biotechnology	0.13%	0.11%	0.11%
Laurus Labs Limited Pharmaceuticals & Biotechnology	0.11%	0.24%	0.11%
Housing & Urban Development Corporation Limited Finance	0.11%	0.39%	0.11%
Hindalco Industries Limited Non - Ferrous Metals	0.33%	0.10%	0.10%
Coforge Limited IT - Software	0.25%	0.10%	0.10%
Sona BLW Precision Forgings Limited Auto Components	0.22%	0.10%	0.10%
Prestige Estates Projects Limited Realty	0.10%	0.14%	0.10%
ICICI Prudential Life Insurance Company Limited Insurance	0.10%	0.22%	0.10%
One 97 Communications Limited Financial Technology (Fintech)	0.38%	0.09%	0.09%
Manappuram Finance Limited Finance	0.09%	0.33%	0.09%
Minda Industries Ltd Auto Components	0.09%	0.12%	0.09%
The Indian Hotels Company Limited Leisure Services	0.08%	0.21%	0.08%
Delhivery Ltd Transport Services	0.08%	0.43%	0.08%
REC Limited Finance	0.08%	0.67%	0.08%
Larsen & Toubro Limited Construction	0.55%	0.07%	0.07%
Trent Limited Retailing	0.25%	0.07%	0.07%
IDFC First Bank Limited Banks	0.24%	0.07%	0.07%
Life Insurance Corp of India Insurance	0.07%	0.07%	0.07%
Power Grid Corporation of India Limited Power	0.60%	0.06%	0.06%
Max Healthcare Institute Limited Healthcare Services	0.34%	0.06%	0.06%
BSE Limited Capital Markets	0.14%	0.06%	0.06%
Dixon Technologies (India) Limited Consumer Durables	0.08%	0.06%	0.06%
Havells India Limited Consumer Durables	0.06%	0.18%	0.06%
MphasiS Limited IT - Software	0.06%	0.13%	0.06%
Tata Consumer Products Limited Agricultural Food & other Products	0.06%	0.22%	0.06%
Hero MotoCorp Limited Automobiles	0.07%	0.05%	0.05%
Tata Motors Passenger Vehicles Limited Automobiles	0.06%	0.05%	0.05%
Alkem Laboratories Limited Pharmaceuticals & Biotechnology	0.23%	0.04%	0.04%
SBI Life Insurance Company Limited Insurance	0.18%	0.04%	0.04%
Tata Consultancy Services Limited IT - Software	0.05%	0.04%	0.04%
Amber Enterprises India Limited Consumer Durables	0.04%	0.15%	0.04%
Power Finance Corporation Limited Finance	0.04%	0.27%	0.04%
Muthoot Finance Limited Finance	0.04%	0.06%	0.04%
Bharti Airtel Limited Telecom - Services	0.80%	0.03%	0.03%
Tata Power Company Limited Power	0.43%	0.03%	0.03%
Samvardhana Motherson International Limited Auto Components	0.16%	0.03%	0.03%
National Aluminium Company Limited Non - Ferrous Metals	0.14%	0.03%	0.03%
Kaynes Technology India Ltd Industrial Manufacturing	0.11%	0.03%	0.03%
Tube Investments of India Limited Auto Components	0.10%	0.03%	0.03%
Phoenix Mills Limited Realty	0.08%	0.03%	0.03%
IndusInd Bank Limited Banks	0.04%	0.03%	0.03%
360 ONE WAM Ltd Capital Markets	0.03%	0.03%	0.03%
HDFC Asset Management Company Limited Capital Markets	0.16%	0.02%	0.02%
Pidilite Industries Limited Chemicals & Petrochemicals	0.11%	0.02%	0.02%
CG Power and Industrial Solutions Limited Electrical Equipment	0.09%	0.02%	0.02%
Lupin Limited Pharmaceuticals & Biotechnology	0.07%	0.02%	0.02%
Computer Age Management Services Limited Capital Markets	0.06%	0.02%	0.02%
Indian Bank Banks	0.05%	0.02%	0.02%
The Federal Bank Limited Banks	0.02%	0.03%	0.02%
Syngene International Limited Healthcare Services	0.02%	0.05%	0.02%
Blue Star Limited Consumer Durables	0.02%	0.02%	0.02%
Cholamandalam Investment and Finance Company Limited Finance	0.02%	0.08%	0.02%
FSN E-Commerce Ventures Limited Retailing	0.02%	0.08%	0.02%
Inox Wind Limited Electrical Equipment	0.02%	0.47%	0.02%
Dalmia Bharat Limited Cement & Cement Products	0.02%	0.06%	0.02%
Container Corporation of India Limited Transport Services	0.02%	0.21%	0.02%
Bharat Forge Limited Auto Components	0.02%	0.21%	0.02%
Aditya Birla Capital Limited Finance	0.37%	0.01%	0.01%
Bharat Petroleum Corporation Limited Petroleum Products	0.21%	0.01%	0.01%
Jindal Steel & Power Limited Ferrous Metals	0.08%	0.01%	0.01%
Bajaj Holdings & Investments Limited Finance	0.06%	0.01%	0.01%
Cummins India Limited Industrial Products	0.04%	0.01%	0.01%
ANGEL ONE LIMITED Capital Markets	0.04%	0.01%	0.01%
Siemens Limited Electrical Equipment	0.03%	0.01%	0.01%
Dabur India Limited Personal Products	0.02%	0.01%	0.01%
Hitachi Energy India Limited Electrical Equipment	0.01%	0.02%	0.01%
KPIT Technologies Limited IT - Software	0.01%	0.06%	0.01%
Hindustan Unilever Limited Diversified FMCG	0.01%	0.01%	0.01%
Cipla Limited Pharmaceuticals & Biotechnology	0.12%	0.00%	0.00%
WAAREE Energies Ltd Electrical Equipment	0.07%	0.00%	0.00%
ABB India Limited Electrical Equipment	0.05%	0.00%	0.00%
PG Electroplast Ltd Consumer Durables	0.04%	0.00%	0.00%
Zydus Lifesciences Limited Pharmaceuticals & Biotechnology	0.02%	0.00%	0.00%
Bosch Limited Auto Components	0.01%	0.00%	0.00%
NHPC Limited Power	0.01%	0.00%	0.00%
Oil India Limited Oil	0.01%	0.00%	0.00%
Premier Energies Ltd Electrical Equipment	0.00%	0.00%	0.00%
Godrej Consumer Products Limited Personal Products	0.00%	0.16%	0.00%
HCL Technologies Limited IT - Software	0.00%	0.05%	0.00%
Union Bank of India Banks	0.00%	0.01%	0.00%
Adani Enterprises Limited Metals & Minerals Trading	0.00%	0.01%	0.00%

Unique to ADITYA BIRLA SUN LIFE ARBITRAG

All top holdings are shared with the other fund.

Unique to EDELWEISS ARBITRAGE

All top holdings are shared with the other fund.

Sector Overlap Breakdown

Banks

12.2% (18)

Petroleum Products

2.8% (4)

Finance

2.8% (15)

Ferrous Metals

2.8% (4)

Telecom - Services

2.6% (3)

Pharmaceuticals & Biotechnology

2.0% (11)

Automobiles

1.9% (6)

Retailing

1.9% (3)

Consumer Durables

1.3% (9)

Capital Markets

1.1% (6)

Cement & Cement Products

1.1% (4)

Aerospace & Defense

1.0% (2)

Power

1.0% (7)

Food Products

1.0% (2)

Diversified FMCG

0.9% (2)

Realty

0.9% (5)

Diversified Metals

0.9% (1)

Agricultural Food & other Products

0.8% (3)

Minerals & Mining

0.7% (1)

Industrial Products

0.7% (3)

Gas

0.7% (2)

Oil

0.6% (2)

Insurance

0.6% (5)

Transport Infrastructure

0.5% (2)

Healthcare Services

0.5% (4)

Auto Components

0.5% (7)

Electrical Equipment

0.4% (9)

IT - Software

0.4% (6)

Transport Services

0.4% (3)

Non - Ferrous Metals

0.4% (3)

Beverages

0.3% (2)

Fertilizers & Agrochemicals

0.3% (1)

Financial Technology (Fintech)

0.3% (2)

Construction

0.2% (2)

Chemicals & Petrochemicals

0.2% (2)

Industrial Manufacturing

0.2% (2)

Leisure Services

0.1% (1)

Personal Products

0.0% (2)

Metals & Minerals Trading

0.0% (1)

More comparisons for ADITYA BIRLA SUN LIFE ARBITRAG

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More comparisons for EDELWEISS ARBITRAGE

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Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.