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19 of 58 unique stocks in common · Jaccard: 32.8%
A weighted portfolio overlap of 45.95% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹45.95 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 9.19% in DSP Large Cap Fund and 7.00% in ICICI Prudential Equity Minimum Variance Fund. Holding both schemes increases your concentration in HDFC Bank 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 DSP | in ICICI |
|---|---|---|
| HDFC BankBanks | 9.19% | 7.00% |
| InfosysIT - Software | 5.00% | 5.56% |
| ICICI BankBanks | 9.46% | 4.72% |
| Axis BankBanks | 5.74% | 4.67% |
| Reliance IndustriesPetroleum Products | 4.18% | 9.53% |
| ITCDiversified FMCG | 5.63% | 3.53% |
| Larsen & ToubroConstruction | 4.24% | 3.14% |
| Kotak Mahindra BankBanks | 2.48% | 5.32% |
| Ultratech CementCement & Cement Products | 2.65% | 2.36% |
| HDFC Life Insurance CompanyInsurance | 2.90% | 2.15% |
| NTPCPower | 3.41% | 1.98% |
| Bharti AirtelTelecom - Services | 4.99% | 1.25% |
| Life Insurance Corporation of IndiaInsurance | 0.81% | 1.69% |
| State Bank of IndiaBanks | 0.74% | 6.59% |
| Oil & Natural Gas CorporationOil | 1.10% | 0.68% |
| CiplaPharmaceuticals & Biotechnology | 3.12% | 0.48% |
| ICICI Lombard General Insurance CompanyInsurance | 1.06% | 0.40% |
| DLFRealty | 1.78% | 0.20% |
| GAIL (India)Gas | 1.16% | 0.17% |
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.