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23 of 121 unique stocks in common · Jaccard: 19%
A weighted portfolio overlap of 24.18% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.18 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.07% in ICICI Prudential Balanced Advantage Fund and 4.43% in SBI Aggressive Hybrid Fund. Holding both schemes increases your concentration in ICICI 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 ICICI | in SBI |
|---|---|---|
| ICICI BankBanks | 4.07% | 4.43% |
| HDFC BankBanks | 3.25% | 2.16% |
| Reliance IndustriesPetroleum Products | 2.60% | 2.16% |
| State Bank of IndiaBanks | 2.00% | 3.95% |
| Larsen & ToubroConstruction | 1.98% | 2.35% |
| InfosysIT - Software | 2.47% | 1.66% |
| Avenue SupermartsRetailing | 1.55% | 2.31% |
| Interglobe AviationTransport Services | 1.48% | 2.36% |
| Kotak Mahindra BankBanks | 1.44% | 3.31% |
| Bharti AirtelTelecom - Services | 1.26% | 2.25% |
| Bajaj FinanceFinance | 1.04% | 2.74% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.60% | 0.67% |
| Life Insurance Corporation Of IndiaInsurance | 0.57% | 2.36% |
| Tata Consultancy ServicesIT - Software | 0.52% | 1.89% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.38% | 2.03% |
| Lenskart SolutionsRetailing | 0.30% | 1.72% |
| Muthoot FinanceFinance | 0.23% | 2.35% |
| CoforgeIT - Software | 0.22% | 2.02% |
| Jindal SteelFerrous Metals | 0.15% | 0.94% |
| ITCDiversified FMCG | 0.13% | 0.66% |
| Shree CementCement & Cement Products | 0.13% | 0.92% |
| Asian PaintsConsumer Durables | 0.08% | 1.65% |
| Max Healthcare InstituteHealthcare Services | 0.07% | 0.82% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.