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26 of 111 unique stocks in common · Jaccard: 23.4%
A weighted portfolio overlap of 47.4% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹47.4 is allocated to the exact same companies at the same relative proportions. The schemes share 26 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 9.24% in ICICI Prudential Business Cycle Fund and 9.12% in ICICI Prudential Value Fund. Holding both schemes increases your concentration in HDFC 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 Value |
|---|---|---|
| HDFC BankBanks | 9.24% | 9.12% |
| ICICI BankBanks | 7.17% | 9.03% |
| Reliance IndustriesPetroleum Products | 5.46% | 4.82% |
| Maruti Suzuki IndiaAutomobiles | 4.09% | 3.37% |
| Axis BankBanks | 3.41% | 2.99% |
| NTPCPower | 2.83% | 2.43% |
| HDFC Life Insurance CompanyInsurance | 2.89% | 2.07% |
| Bharti AirtelTelecom - Services | 3.12% | 1.93% |
| Larsen & ToubroConstruction | 7.12% | 1.88% |
| Kotak Mahindra BankBanks | 3.30% | 1.73% |
| SBI Life Insurance CompanyInsurance | 1.71% | 2.42% |
| Hyundai Motor IndiaAutomobiles | 1.84% | 1.41% |
| Asian PaintsConsumer Durables | 2.24% | 1.39% |
| Ultratech CementCement & Cement Products | 2.89% | 1.16% |
| Oil & Natural Gas CorporationOil | 0.80% | 1.76% |
| ICICI Lombard General Insurance CompanyInsurance | 0.71% | 1.05% |
| Hero MotoCorpAutomobiles | 2.07% | 0.62% |
| Hindustan UnileverDiversified FMCG | 0.51% | 2.98% |
| Godrej Consumer ProductsPersonal Products | 0.46% | 0.45% |
| Tata ChemicalsChemicals & Petrochemicals | 0.28% | 0.34% |
| LIC Housing FinanceFinance | 0.22% | 1.10% |
| TVS HoldingsFinance | 0.26% | 0.21% |
| Gujarat GasGas | 0.16% | 0.58% |
| Tata Motors Passenger VehiclesAutomobiles | 0.11% | 1.50% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.11% | 1.30% |
| GAIL (India)Gas | 0.07% | 0.36% |
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.