ADITYA BIRLA SUN LIFE NIFTY BANK ETF vs Nippon India Nifty Bank Index Fund
ABSL vs Nippon· Portfolio Overlap Analysis
99.9%High Overlap
14 common stocksRank #346 / 5,000
Investor takeaway: These funds overlap 99.9%. Holding both gives you almost no extra diversification. You are effectively paying two expense ratios for the same portfolio core.
Common Holdings (14)
| Stock | Wt% in ADITYA BIRLA SUN LIFE NIFTY BA | Wt% in Nippon India Nifty Bank Index | Overlap |
|---|---|---|---|
HDFC Bank Limited Banks | 19.69% | 19.68% | 19.68% |
ICICI Bank Limited Banks | 16.13% | 16.12% | 16.12% |
State Bank of India Banks | 10.68% | 10.67% | 10.67% |
Axis Bank Limited Banks | 9.94% | 9.93% | 9.93% |
Kotak Mahindra Bank Limited Banks | 9.16% | 9.15% | 9.15% |
The Federal Bank Limited Banks | 5.55% | 5.54% | 5.54% |
IndusInd Bank Limited Banks | 4.72% | 4.72% | 4.72% |
Bank of Baroda Banks | 4.45% | 4.45% | 4.45% |
AU Small Finance Bank Limited Banks | 3.96% | 3.96% | 3.96% |
Canara Bank Banks | 3.90% | 3.90% | 3.90% |
IDFC First Bank Limited Banks | 3.60% | 3.60% | 3.60% |
Punjab National Bank Banks | 3.40% | 3.40% | 3.40% |
Union Bank of India Banks | 2.51% | 2.51% | 2.51% |
Yes Bank Limited Banks | 2.29% | 2.29% | 2.29% |
Unique to ADITYA BIRLA SUN LIFE NIFTY BA
All top holdings are shared with the other fund.
Unique to Nippon India Nifty Bank Index
All top holdings are shared with the other fund.
Sector Overlap Breakdown
Banks99.9% (14)
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Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.