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12 of 109 unique stocks in common · Jaccard: 11%
A weighted portfolio overlap of 8.65% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.65 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is NTPC, which commands a weight of 2.83% in ICICI Prudential Business Cycle Fund and 8.61% in ICICI Prudential PSU Equity Fund. Holding both schemes increases your concentration in NTPC 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 PSU |
|---|---|---|
| NTPCPower | 2.83% | 8.61% |
| Hindustan AeronauticsAerospace & Defense | 1.47% | 4.78% |
| SBI Life Insurance CompanyInsurance | 1.71% | 1.16% |
| Oil & Natural Gas CorporationOil | 0.80% | 5.36% |
| NHPCPower | 0.63% | 2.63% |
| Oil IndiaOil | 0.51% | 3.09% |
| Hindustan Petroleum CorporationPetroleum Products | 0.36% | 0.36% |
| Gujarat Narmada Valley Fertilizers and ChemicalsChemicals & Petrochemicals | 0.34% | 0.57% |
| LIC Housing FinanceFinance | 0.22% | 0.84% |
| Gujarat GasGas | 0.16% | 1.56% |
| Bank of BarodaBanks | 0.11% | 0.67% |
| GAIL (India)Gas | 0.07% | 3.42% |
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.