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8 of 114 unique stocks in common · Jaccard: 7%
A weighted portfolio overlap of 11.13% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.13 is allocated to the exact same companies at the same relative proportions. The schemes share 8 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 5.78% in Tata ELSS 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 Tata |
|---|---|---|
| Bharti AirtelTelecom - Services | 7.23% | 5.78% |
| Rainbow Childrens MedicareHealthcare Services | 1.24% | 1.64% |
| EternalRetailing | 6.14% | 1.13% |
| InterGlobe AviationTransport Services | 3.92% | 0.83% |
| The Indian Hotels CompanyLeisure Services | 2.99% | 0.74% |
| NTPCPower | 0.54% | 2.96% |
| Havells IndiaConsumer Durables | 1.99% | 0.47% |
| LG Electronics IndiaConsumer Durables | 0.41% | 0.75% |
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.