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8 of 48 unique stocks in common · Jaccard: 16.7%
A weighted portfolio overlap of 34.41% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹34.41 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is NTPC, which commands a weight of 20.22% in CPSE ETF and 8.61% in ICICI Prudential PSU Equity Fund. Holding both schemes increases your concentration in NTPC 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 CPSE | in ICICI |
|---|---|---|
| NTPCPower | 20.22% | 8.61% |
| Power Grid Corporation of IndiaPower | 19.79% | 6.89% |
| Oil & Natural Gas CorporationOil | 17.14% | 5.36% |
| Bharat ElectronicsAerospace & Defense | 13.01% | 3.48% |
| Coal IndiaConsumable Fuels | 16.10% | 3.15% |
| Oil IndiaOil | 3.45% | 3.09% |
| NHPCPower | 4.65% | 2.63% |
| NLC IndiaPower | 1.20% | 1.25% |
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.