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15 of 107 unique stocks in common · Jaccard: 14%
A weighted portfolio overlap of 29.21% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.21 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 12.07% in ICICI Prudential Banking & Financial Services Fund and 8.98% 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).
| Stock | in ICICI Prudential Banking | in ICICI Prudential Business |
|---|---|---|
| HDFC BankBanks | 12.07% | 8.98% |
| ICICI BankBanks | 14.08% | 7.67% |
| Kotak Mahindra BankBanks | 9.37% | 3.86% |
| HDFC Life Insurance CompanyInsurance | 2.60% | 2.88% |
| SBI Life Insurance CompanyInsurance | 2.73% | 1.62% |
| Axis BankBanks | 8.95% | 1.43% |
| ICICI Lombard General Insurance CompanyInsurance | 2.18% | 1.12% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.73% | 1.15% |
| Go Digit General InsuranceInsurance | 1.15% | 0.28% |
| Credit Analysis And ResearchCapital Markets | 0.27% | 0.25% |
| UTI Asset Management CompanyCapital Markets | 0.93% | 0.18% |
| Life Insurance Corporation Of IndiaInsurance | 1.44% | 0.17% |
| Can Fin HomesFinance | 1.67% | 0.13% |
| PNB Housing FinanceFinance | 1.86% | 0.09% |
| LIC Housing FinanceFinance | 2.75% | 0.09% |
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.