ADITYA BIRLA SUN LIFE ARBITRAGE FUND vs NIPPON INDIA ARBITRAGE FUND

ABSL vs Nippon· Portfolio Overlap Analysis

47.9%High Overlap

154 common stocksRank #12348 / 20,000

Investor takeaway: At 47.9% 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 (154)

Stock	Wt% in ADITYA BIRLA SUN LIFE ARBITRAG	Wt% in NIPPON INDIA ARBITRAGE	Overlap
HDFC Bank Limited Banks	4.42%	5.03%	4.42%
ICICI Bank Limited Banks	3.13%	3.51%	3.13%
Reliance Industries Limited Petroleum Products	3.92%	2.92%	2.92%
Axis Bank Limited Banks	2.91%	2.15%	2.15%
Eternal Limited Retailing	1.77%	2.32%	1.77%
Mahindra & Mahindra Limited Automobiles	1.75%	1.49%	1.49%
Vodafone Idea Limited Telecom - Services	1.79%	1.35%	1.35%
Kotak Mahindra Bank Limited Banks	1.55%	1.18%	1.18%
Maruti Suzuki India Limited Automobiles	1.23%	1.06%	1.06%
Steel Authority of India Limited Ferrous Metals	1.09%	1.03%	1.03%
JSW Steel Limited Ferrous Metals	0.97%	2.05%	0.97%
Indus Towers Limited Telecom - Services	1.28%	0.85%	0.85%
Bharti Airtel Limited Telecom - Services	0.80%	2.60%	0.80%
ITC Limited Diversified FMCG	0.89%	0.75%	0.75%
Grasim Industries Limited Cement & Cement Products	0.74%	1.78%	0.74%
Bharat Electronics Limited Aerospace & Defense	0.91%	0.70%	0.70%
Aurobindo Pharma Limited Pharmaceuticals & Biotechnology	0.69%	0.78%	0.69%
Tata Steel Limited Ferrous Metals	0.70%	0.68%	0.68%
Jio Financial Services Limited Finance	0.65%	1.47%	0.65%
NMDC Limited Minerals & Mining	0.74%	0.60%	0.60%
Shriram Finance Ltd Finance	0.71%	0.58%	0.58%
Titan Company Limited Consumer Durables	0.75%	0.54%	0.54%
Patanjali Foods Limited Agricultural Food & other Products	0.54%	0.94%	0.54%
Sun Pharmaceutical Industries Limited Pharmaceuticals & Biotechnology	0.53%	1.03%	0.53%
UltraTech Cement Limited Cement & Cement Products	0.51%	0.76%	0.51%
Yes Bank Limited Banks	0.45%	0.47%	0.45%
Glenmark Pharmaceuticals Limited Pharmaceuticals & Biotechnology	0.43%	0.78%	0.43%
Bharat Heavy Electricals Limited Electrical Equipment	0.40%	0.62%	0.40%
Hindustan Zinc Limited Non - Ferrous Metals	0.83%	0.39%	0.39%
Sammaan Capital Limited Finance	0.39%	0.55%	0.39%
One 97 Communications Limited Financial Technology (Fintech)	0.38%	0.53%	0.38%
DLF Limited Realty	0.38%	0.65%	0.38%
Adani Ports and Special Economic Zone Limited Transport Infrastructure	0.36%	0.87%	0.36%
Oil & Natural Gas Corporation Limited Oil	0.64%	0.34%	0.34%
Punjab National Bank Banks	0.34%	0.44%	0.34%
Marico Limited Agricultural Food & other Products	0.34%	0.71%	0.34%
NTPC Limited Power	0.76%	0.33%	0.33%
RBL Bank Limited Banks	0.39%	0.32%	0.32%
Bajaj Finserv Limited Finance	0.72%	0.31%	0.31%
POLYCAB INDIA Limited Industrial Products	0.31%	0.40%	0.31%
Apollo Hospitals Enterprise Limited Healthcare Services	0.63%	0.29%	0.29%
Power Grid Corporation of India Limited Power	0.60%	0.29%	0.29%
Larsen & Toubro Limited Construction	0.55%	0.29%	0.29%
Eicher Motors Limited Automobiles	0.29%	0.40%	0.29%
Crompton Greaves Consumer Electricals Limited Consumer Durables	0.28%	0.44%	0.28%
LIC Housing Finance Limited Finance	0.28%	0.41%	0.28%
UPL Limited Fertilizers & Agrochemicals	0.27%	0.39%	0.27%
InterGlobe Aviation Limited Transport Services	0.27%	0.65%	0.27%
GAIL (India) Limited Gas	0.51%	0.25%	0.25%
Adani Energy Solutions Limited Power	0.25%	0.58%	0.25%
AU Small Finance Bank Limited Banks	0.25%	0.50%	0.25%
Hindalco Industries Limited Non - Ferrous Metals	0.33%	0.23%	0.23%
Vedanta Limited Diversified Metals	0.89%	0.22%	0.22%
Sona BLW Precision Forgings Limited Auto Components	0.22%	0.27%	0.22%
Biocon Limited Pharmaceuticals & Biotechnology	0.22%	0.27%	0.22%
Nestle India Limited Food Products	0.22%	0.39%	0.22%
IDFC First Bank Limited Banks	0.24%	0.21%	0.21%
Divi's Laboratories Limited Pharmaceuticals & Biotechnology	0.21%	0.42%	0.21%
Ambuja Cements Limited Cement & Cement Products	0.20%	0.74%	0.20%
Varun Beverages Limited Beverages	0.20%	0.21%	0.20%
Bandhan Bank Limited Banks	0.44%	0.18%	0.18%
State Bank of India Banks	0.24%	0.18%	0.18%
SBI Life Insurance Company Limited Insurance	0.18%	0.32%	0.18%
Asian Paints Limited Consumer Durables	0.17%	0.32%	0.17%
Max Financial Services Limited Insurance	0.17%	0.41%	0.17%
Bajaj Finance Limited Finance	0.87%	0.16%	0.16%
Samvardhana Motherson International Limited Auto Components	0.16%	0.27%	0.16%
Hindustan Aeronautics Limited Aerospace & Defense	0.40%	0.15%	0.15%
Bank of India Banks	0.29%	0.15%	0.15%
Coforge Limited IT - Software	0.25%	0.15%	0.15%
Suzlon Energy Limited Electrical Equipment	0.17%	0.15%	0.15%
Petronet LNG Limited Gas	0.15%	0.19%	0.15%
United Spirits Limited Beverages	0.47%	0.14%	0.14%
Exide Industries Limited Auto Components	0.22%	0.14%	0.14%
Adani Green Energy Limited Power	0.14%	0.34%	0.14%
Dr. Reddys Laboratories Limited Pharmaceuticals & Biotechnology	0.13%	0.33%	0.13%
APL Apollo Tubes Limited Industrial Products	0.58%	0.12%	0.12%
GMR Airport Ltd Transport Infrastructure	0.38%	0.12%	0.12%
Trent Limited Retailing	0.25%	0.12%	0.12%
Fortis Healthcare Limited Healthcare Services	0.12%	0.18%	0.12%
Britannia Industries Limited Food Products	0.76%	0.11%	0.11%
Tata Power Company Limited Power	0.43%	0.11%	0.11%
NBCC (India) Limited Construction	0.22%	0.11%	0.11%
PB Fintech Limited Financial Technology (Fintech)	0.21%	0.11%	0.11%
Tech Mahindra Limited IT - Software	0.17%	0.11%	0.11%
Kaynes Technology India Ltd Industrial Manufacturing	0.11%	0.24%	0.11%
Laurus Labs Limited Pharmaceuticals & Biotechnology	0.11%	0.71%	0.11%
Pidilite Industries Limited Chemicals & Petrochemicals	0.11%	0.14%	0.11%
Housing & Urban Development Corporation Limited Finance	0.11%	0.11%	0.11%
PNB Housing Finance Limited Finance	0.30%	0.10%	0.10%
Cipla Limited Pharmaceuticals & Biotechnology	0.12%	0.10%	0.10%
Tube Investments of India Limited Auto Components	0.10%	0.43%	0.10%
ICICI Prudential Life Insurance Company Limited Insurance	0.10%	0.30%	0.10%
Bank of Baroda Banks	0.44%	0.09%	0.09%
Bharat Petroleum Corporation Limited Petroleum Products	0.21%	0.09%	0.09%
HDFC Life Insurance Company Limited Insurance	0.18%	0.09%	0.09%
Solar Industries India Limited Chemicals & Petrochemicals	0.17%	0.09%	0.09%
Manappuram Finance Limited Finance	0.09%	0.18%	0.09%
Minda Industries Ltd Auto Components	0.09%	0.12%	0.09%
KALYAN JEWELLERS INDIA LTD Consumer Durables	0.29%	0.08%	0.08%
Lodha Developers Limited Realty	0.27%	0.08%	0.08%
Indian Oil Corporation Limited Petroleum Products	0.25%	0.08%	0.08%
Delhivery Ltd Transport Services	0.08%	0.22%	0.08%
Dixon Technologies (India) Limited Consumer Durables	0.08%	0.14%	0.08%
REC Limited Finance	0.08%	0.35%	0.08%
Phoenix Mills Limited Realty	0.08%	0.16%	0.08%
Canara Bank Banks	0.20%	0.07%	0.07%
Hero MotoCorp Limited Automobiles	0.07%	0.18%	0.07%
Lupin Limited Pharmaceuticals & Biotechnology	0.07%	0.13%	0.07%
Mazagon Dock Shipbuilders Limited Industrial Manufacturing	0.19%	0.06%	0.06%
Jindal Steel & Power Limited Ferrous Metals	0.08%	0.06%	0.06%
Tata Motors Passenger Vehicles Limited Automobiles	0.06%	0.14%	0.06%
Havells India Limited Consumer Durables	0.06%	0.21%	0.06%
MphasiS Limited IT - Software	0.06%	0.16%	0.06%
Tata Consumer Products Limited Agricultural Food & other Products	0.06%	0.13%	0.06%
Hindustan Petroleum Corporation Limited Petroleum Products	0.39%	0.05%	0.05%
HDFC Asset Management Company Limited Capital Markets	0.16%	0.05%	0.05%
National Aluminium Company Limited Non - Ferrous Metals	0.14%	0.05%	0.05%
Tata Consultancy Services Limited IT - Software	0.05%	0.20%	0.05%
Coal India Limited Consumable Fuels	0.22%	0.04%	0.04%
Cummins India Limited Industrial Products	0.04%	0.14%	0.04%
Power Finance Corporation Limited Finance	0.04%	0.05%	0.04%
Muthoot Finance Limited Finance	0.04%	0.19%	0.04%
The Indian Hotels Company Limited Leisure Services	0.08%	0.03%	0.03%
Life Insurance Corp of India Insurance	0.07%	0.03%	0.03%
PG Electroplast Ltd Consumer Durables	0.04%	0.03%	0.03%
Prestige Estates Projects Limited Realty	0.10%	0.02%	0.02%
Bajaj Holdings & Investments Limited Finance	0.06%	0.02%	0.02%
ABB India Limited Electrical Equipment	0.05%	0.02%	0.02%
Zydus Lifesciences Limited Pharmaceuticals & Biotechnology	0.02%	0.05%	0.02%
Dabur India Limited Personal Products	0.02%	0.05%	0.02%
Syngene International Limited Healthcare Services	0.02%	0.07%	0.02%
Blue Star Limited Consumer Durables	0.02%	0.03%	0.02%
Cholamandalam Investment and Finance Company Limited Finance	0.02%	0.24%	0.02%
FSN E-Commerce Ventures Limited Retailing	0.02%	0.04%	0.02%
Inox Wind Limited Electrical Equipment	0.02%	0.09%	0.02%
Dalmia Bharat Limited Cement & Cement Products	0.02%	0.21%	0.02%
Container Corporation of India Limited Transport Services	0.02%	1.02%	0.02%
Bharat Forge Limited Auto Components	0.02%	0.32%	0.02%
360 ONE WAM Ltd Capital Markets	0.03%	0.01%	0.01%
Tata Technologies Ltd IT - Services	0.03%	0.01%	0.01%
Hitachi Energy India Limited Electrical Equipment	0.01%	0.10%	0.01%
KPIT Technologies Limited IT - Software	0.01%	0.13%	0.01%
Hindustan Unilever Limited Diversified FMCG	0.01%	0.08%	0.01%
Bosch Limited Auto Components	0.01%	0.04%	0.01%
NHPC Limited Power	0.01%	0.01%	0.01%
TVS Motor Company Limited Automobiles	0.42%	0.00%	0.00%
Alkem Laboratories Limited Pharmaceuticals & Biotechnology	0.23%	0.00%	0.00%
JSW Energy Limited Power	0.21%	0.00%	0.00%
SRF Limited Chemicals & Petrochemicals	0.19%	0.00%	0.00%
Amber Enterprises India Limited Consumer Durables	0.04%	0.00%	0.00%
ANGEL ONE LIMITED Capital Markets	0.04%	0.00%	0.00%
The Federal Bank Limited Banks	0.02%	0.00%	0.00%
Premier Energies Ltd Electrical Equipment	0.00%	0.00%	0.00%

Unique to ADITYA BIRLA SUN LIFE ARBITRAG

All top holdings are shared with the other fund.

Unique to NIPPON INDIA ARBITRAGE

All top holdings are shared with the other fund.

Sector Overlap Breakdown

Banks

13.1% (15)

Petroleum Products

3.1% (4)

Telecom - Services

3.0% (3)

Automobiles

3.0% (6)

Finance

2.9% (14)

Ferrous Metals

2.7% (4)

Pharmaceuticals & Biotechnology

2.5% (11)

Retailing

1.9% (3)

Cement & Cement Products

1.5% (4)

Consumer Durables

1.3% (9)

Power

1.1% (7)

Agricultural Food & other Products

0.9% (3)

Aerospace & Defense

0.8% (2)

Diversified FMCG

0.8% (2)

Auto Components

0.7% (7)

Non - Ferrous Metals

0.7% (3)

Minerals & Mining

0.6% (1)

Electrical Equipment

0.6% (6)

Insurance

0.6% (5)

Realty

0.6% (4)

Financial Technology (Fintech)

0.5% (2)

Transport Infrastructure

0.5% (2)

Industrial Products

0.5% (3)

Healthcare Services

0.4% (3)

Construction

0.4% (2)

Gas

0.4% (2)

IT - Software

0.4% (5)

Transport Services

0.4% (3)

Oil

0.3% (1)

Beverages

0.3% (2)

Food Products

0.3% (2)

Fertilizers & Agrochemicals

0.3% (1)

Diversified Metals

0.2% (1)

Chemicals & Petrochemicals

0.2% (3)

Industrial Manufacturing

0.2% (2)

Capital Markets

0.1% (3)

Consumable Fuels

0.0% (1)

Leisure Services

0.0% (1)

Personal Products

0.0% (1)

IT - Services

0.0% (1)

More comparisons for ADITYA BIRLA SUN LIFE ARBITRAG

vs IB33-GROWW NIFTY 200 ETF50.3% · 154 stocks
vs HDFC BSE 500 INDEX49.5% · 175 stocks
vs HDFC BSE 500 ETF49.5% · 175 stocks
vs ICICI Prudential BSE 500 ETF49.5% · 175 stocks
vs Axis Nifty 500 Index49.4% · 176 stocks

More comparisons for NIPPON INDIA ARBITRAGE

vs ICICI Prudential Equity - Arbi49.0% · 152 stocks
vs Axis Arbitrage49.0% · 146 stocks
vs SBI Arbitrage Opportunities48.3% · 155 stocks
vs HDFC Arbitrage48.1% · 145 stocks
vs Kotak Arbitrage47.8% · 151 stocks

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