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16 of 125 unique stocks in common · Jaccard: 12.8%
A weighted portfolio overlap of 22.57% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.57 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 4.96% in DSP Multicap Fund and 8.46% in ICICI Prudential Large Cap 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 | 4.96% | 8.46% |
| Axis BankBanks | 4.06% | 4.67% |
| ICICI BankBanks | 3.83% | 8.72% |
| Hero MotoCorpAutomobiles | 2.51% | 1.59% |
| Mahindra & MahindraAutomobiles | 1.56% | 2.34% |
| NTPCPower | 1.10% | 2.38% |
| ICICI Prudential Life Insurance CompanyInsurance | 1.99% | 1.08% |
| ITCDiversified FMCG | 1.17% | 0.94% |
| SiemensElectrical Equipment | 1.26% | 0.77% |
| Hindustan AeronauticsAerospace & Defense | 0.71% | 1.11% |
| Bharat Petroleum CorporationPetroleum Products | 1.13% | 0.60% |
| Info Edge (India)Retailing | 1.18% | 0.51% |
| ICICI Lombard General Insurance CompanyInsurance | 2.80% | 0.40% |
| CiplaPharmaceuticals & Biotechnology | 2.38% | 0.33% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.25% | 0.08% |
| Hexaware TechnologiesIT - Software | 0.90% | 0.07% |
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.