Loading fund overlap…
6 of 89 unique stocks in common · Jaccard: 6.7%
A weighted portfolio overlap of 11.36% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.36 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Larsen & Toubro, which commands a weight of 3.19% in ICICI Prudential Active Momentum Fund and 2.50% in SBI Equity Hybrid Fund. Holding both schemes increases your concentration in Larsen & Toubro 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 ICICI | in SBI |
|---|---|---|
| Larsen & ToubroConstruction | 3.19% | 2.50% |
| HDFC BankBanks | 3.92% | 2.39% |
| Kotak Mahindra BankBanks | 2.38% | 3.20% |
| Shree CementCement & Cement Products | 1.63% | 1.78% |
| Avenue SupermartsRetailing | 1.96% | 1.59% |
| NTPCPower | 1.46% | 0.88% |
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.