How much do ICICI Prudential Banking & Financial Services Fund and ICICI Prudential Business Cycle Fund overlap?

They share 14 common holdings, a weighted portfolio overlap of about 30.05% (moderate overlap — a meaningful shared core), as on May 2026. Information only, not investment advice.

What does 30.05% overlap mean?

Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Fund overlap

ICICI Prudential Banking & Financial Services Fund vs ICICI Prudential Business Cycle Fund

ICICI Pru MF · Sectoral / ThematicICICI Pru MF · Sectoral / Thematic· as on May 2026

Weighted portfolio overlap

30.05%

Moderate overlap

Common

Only ICICI Prudential Banking

Only ICICI Prudential Business

14 of 106 unique stocks in common · Jaccard: 13.2%

Overlap Analysis & Diversification Assessment

A weighted portfolio overlap of 30.05% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.05 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.

The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 13.32% in ICICI Prudential Banking & Financial Services Fund and 9.24% in ICICI Prudential Business Cycle 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).

Common holdings

Stock	in ICICI Prudential Banking	in ICICI Prudential Business
HDFC BankBanks	13.32%	9.24%
ICICI BankBanks	12.95%	7.17%
Axis BankBanks	8.76%	3.41%
Kotak Mahindra BankBanks	7.22%	3.30%
HDFC Life Insurance CompanyInsurance	2.32%	2.89%
SBI Life Insurance CompanyInsurance	3.78%	1.71%
ICICI Prudential Life Insurance CompanyInsurance	1.19%	1.09%
ICICI Lombard General Insurance CompanyInsurance	3.00%	0.71%
Go Digit General InsuranceInsurance	0.66%	0.31%
LIC Housing FinanceFinance	3.41%	0.22%
UTI Asset Management CompanyCapital Markets	1.07%	0.20%
Credit Analysis And ResearchCapital Markets	0.19%	0.24%
Can Fin HomesFinance	1.85%	0.12%
PNB Housing FinanceFinance	2.11%	0.09%

FAQ

How much do ICICI Prudential Banking & Financial Services Fund and ICICI Prudential Business Cycle Fund overlap?: They share 14 common holdings, a weighted portfolio overlap of about 30.05% (moderate overlap — a meaningful shared core), as on May 2026. Information only, not investment advice.
What does 30.05% overlap mean?: Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Related comparisons

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.