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20 of 65 unique stocks in common · Jaccard: 30.8%
A weighted portfolio overlap of 50.62% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹50.62 is allocated to the exact same companies at the same relative proportions. The schemes share 20 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 13.48% in SBI Banking And Financial Services 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 | in SBI |
|---|---|---|
| HDFC BankBanks | 12.07% | 13.48% |
| ICICI BankBanks | 14.08% | 10.79% |
| Kotak Mahindra BankBanks | 9.37% | 9.82% |
| State Bank of IndiaBanks | 5.11% | 4.87% |
| HDFC Life Insurance CompanyInsurance | 2.60% | 4.12% |
| Life Insurance Corporation Of IndiaInsurance | 1.44% | 1.50% |
| Bajaj FinanceFinance | 1.30% | 7.52% |
| Aptus Value Housing Finance IndiaFinance | 1.29% | 1.70% |
| HDB Financial ServicesFinance | 1.73% | 1.12% |
| PNB Housing FinanceFinance | 1.86% | 1.06% |
| Aavas FinanciersFinance | 1.31% | 1.03% |
| Cholamandalam Investment and Finance CompanyFinance | 0.75% | 2.39% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.73% | 2.16% |
| Bandhan BankBanks | 0.60% | 1.35% |
| Star Health And Allied Insurance CompanyInsurance | 0.48% | 1.74% |
| Bank of IndiaBanks | 0.44% | 1.44% |
| Credit Analysis And ResearchCapital Markets | 0.27% | 0.89% |
| Muthoot FinanceFinance | 0.27% | 4.09% |
| 360 One WamCapital Markets | 0.13% | 1.51% |
| SBI Cards & Payment ServicesFinance | 3.04% | 0.03% |
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.