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18 of 74 unique stocks in common · Jaccard: 24.3%
A weighted portfolio overlap of 46.16% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹46.16 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is Bharti Airtel, which commands a weight of 7.23% in ICICI Prudential Bharat Consumption Fund and 9.02% in Nippon India Consumption Fund. Holding both schemes increases your concentration in Bharti Airtel 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 Nippon |
|---|---|---|
| Bharti AirtelTelecom - Services | 7.23% | 9.02% |
| Hindustan UnileverDiversified FMCG | 7.29% | 5.22% |
| Maruti Suzuki IndiaAutomobiles | 4.54% | 5.67% |
| Mahindra & MahindraAutomobiles | 5.45% | 4.20% |
| ITCDiversified FMCG | 4.05% | 6.54% |
| TrentRetailing | 5.47% | 3.15% |
| EternalRetailing | 6.14% | 2.74% |
| Jubilant FoodworksLeisure Services | 2.38% | 3.14% |
| Avenue SupermartsRetailing | 2.16% | 4.91% |
| Havells IndiaConsumer Durables | 1.99% | 3.89% |
| TVS Motor CompanyAutomobiles | 2.01% | 1.67% |
| United SpiritsBeverages | 1.50% | 2.83% |
| United BreweriesBeverages | 1.40% | 4.32% |
| Godrej Consumer ProductsPersonal Products | 1.16% | 4.47% |
| The Indian Hotels CompanyLeisure Services | 2.99% | 0.97% |
| Page IndustriesTextiles & Apparels | 0.85% | 2.76% |
| Westlife FoodworldLeisure Services | 0.50% | 1.11% |
| VoltasConsumer Durables | 0.46% | 3.12% |
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.