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21 of 124 unique stocks in common · Jaccard: 16.9%
A weighted portfolio overlap of 22.98% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.98 is allocated to the exact same companies at the same relative proportions. The schemes share 21 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.82% in ICICI Prudential Balanced Advantage Fund and 4.04% in SBI Equity 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 | 3.82% | 4.04% |
| Larsen & ToubroConstruction | 2.42% | 2.50% |
| HDFC BankBanks | 3.52% | 2.39% |
| Reliance IndustriesPetroleum Products | 3.02% | 2.36% |
| State Bank of IndiaBanks | 1.78% | 3.79% |
| InfosysIT - Software | 2.83% | 1.65% |
| InterGlobe AviationTransport Services | 1.47% | 2.25% |
| Bharti AirtelTelecom - Services | 1.28% | 3.27% |
| Kotak Mahindra BankBanks | 1.26% | 3.20% |
| Avenue SupermartsRetailing | 1.16% | 1.59% |
| NTPCPower | 1.24% | 0.88% |
| Tata Consultancy ServicesIT - Software | 0.59% | 1.08% |
| Asian PaintsConsumer Durables | 0.36% | 1.75% |
| Samvardhana Motherson InternationalAuto Components | 0.35% | 0.47% |
| Bajaj FinanceFinance | 0.34% | 2.49% |
| ITCDiversified FMCG | 0.22% | 0.79% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.19% | 2.62% |
| Hindalco IndustriesNon - Ferrous Metals | 0.16% | 1.74% |
| Shree CementCement & Cement Products | 0.15% | 1.78% |
| Jindal SteelFerrous Metals | 0.11% | 1.01% |
| Lenskart SolutionsRetailing | 0.03% | 1.43% |
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.