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9 of 85 unique stocks in common · Jaccard: 10.6%
A weighted portfolio overlap of 32.14% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.14 is allocated to the exact same companies at the same relative proportions. The schemes share 9 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 10.53% in UTI Nifty 50 ETF. 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 UTI |
|---|---|---|
| HDFC BankBanks | 13.32% | 10.53% |
| ICICI BankBanks | 12.95% | 8.30% |
| State Bank of IndiaBanks | 5.88% | 3.70% |
| Axis BankBanks | 8.76% | 3.41% |
| Kotak Mahindra BankBanks | 7.22% | 2.61% |
| Bajaj FinanceFinance | 1.29% | 2.25% |
| Bajaj FinservFinance | 1.91% | 0.95% |
| SBI Life Insurance CompanyInsurance | 3.78% | 0.76% |
| HDFC Life Insurance CompanyInsurance | 2.32% | 0.59% |
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.