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17 of 127 unique stocks in common · Jaccard: 13.4%
A weighted portfolio overlap of 24.64% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.64 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.17% in ICICI Prudential Business Cycle Fund and 4.61% in ICICI Prudential Innovation Fund. Holding both schemes increases your concentration in ICICI 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 Prudential Business | in ICICI Prudential Innovation |
|---|---|---|
| ICICI BankBanks | 7.17% | 4.61% |
| Maruti Suzuki IndiaAutomobiles | 4.09% | 4.61% |
| Axis BankBanks | 3.41% | 3.06% |
| NTPCPower | 2.83% | 2.07% |
| Bharti AirtelTelecom - Services | 3.12% | 2.02% |
| Hindustan AeronauticsAerospace & Defense | 1.47% | 1.83% |
| Larsen & ToubroConstruction | 7.12% | 1.34% |
| Cummins IndiaIndustrial Products | 1.20% | 1.26% |
| Info Edge (India)Retailing | 0.96% | 1.89% |
| Oil & Natural Gas CorporationOil | 0.80% | 0.88% |
| Hyundai Motor IndiaAutomobiles | 1.84% | 0.70% |
| Triveni TurbineElectrical Equipment | 0.97% | 0.60% |
| Oil IndiaOil | 0.51% | 1.79% |
| Godrej Consumer ProductsPersonal Products | 0.46% | 1.49% |
| SwiggyRetailing | 0.34% | 1.99% |
| Supreme IndustriesIndustrial Products | 0.28% | 1.19% |
| Tata Motors Passenger VehiclesAutomobiles | 0.11% | 2.18% |
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.