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14 of 132 unique stocks in common · Jaccard: 10.6%
A weighted portfolio overlap of 13.1% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.1 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 5.36% in ICICI Prudential Business Cycle Fund and 9.26% in ICICI Prudential Energy Opportunities Fund. Holding both schemes increases your concentration in Reliance Industries 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 Business | in ICICI Prudential Energy |
|---|---|---|
| Reliance IndustriesPetroleum Products | 5.36% | 9.26% |
| NTPCPower | 2.17% | 7.33% |
| Cummins IndiaIndustrial Products | 0.96% | 3.43% |
| HDFC BankBanks | 8.98% | 0.95% |
| SiemensElectrical Equipment | 0.83% | 1.23% |
| Triveni TurbineElectrical Equipment | 0.75% | 1.95% |
| ABB IndiaElectrical Equipment | 0.72% | 1.98% |
| NHPCPower | 0.48% | 0.92% |
| Indian Energy ExchangeCapital Markets | 0.29% | 0.51% |
| Siemens Energy IndiaElectrical Equipment | 0.25% | 1.37% |
| Life Insurance Corporation Of IndiaInsurance | 0.17% | 2.53% |
| Carborundum UniversalIndustrial Products | 0.08% | 0.39% |
| Larsen & ToubroConstruction | 4.92% | 0.07% |
| GSPL India TranscoGas | 0.02% | 0.32% |
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.