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7 of 35 unique stocks in common · Jaccard: 20%
A weighted portfolio overlap of 35.09% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.09 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 8.07% in Bharat 22 ETF and 9.82% in ICICI Prudential Nifty50 Value 20 Index Fund. Holding both schemes increases your concentration in State Bank of India 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 Bharat | in ICICI |
|---|---|---|
| State Bank of IndiaBanks | 8.07% | 9.82% |
| Axis BankBanks | 7.42% | 9.06% |
| ITCDiversified FMCG | 14.04% | 6.78% |
| NTPCPower | 10.50% | 4.50% |
| Power Grid Corporation of IndiaPower | 7.55% | 3.23% |
| Coal IndiaConsumable Fuels | 5.69% | 2.55% |
| Oil & Natural Gas CorporationOil | 5.65% | 2.53% |
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.