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9 of 98 unique stocks in common · Jaccard: 9.2%
A weighted portfolio overlap of 14.18% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹14.18 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Maruti Suzuki India, which commands a weight of 4.09% in ICICI Prudential Business Cycle Fund and 5.67% in Nippon India Consumption Fund. Holding both schemes increases your concentration in Maruti Suzuki India 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 Nippon |
|---|---|---|
| Maruti Suzuki IndiaAutomobiles | 4.09% | 5.67% |
| Bharti AirtelTelecom - Services | 3.12% | 9.02% |
| Mahindra & MahindraAutomobiles | 1.83% | 4.20% |
| HDFC BankBanks | 9.24% | 1.33% |
| Bajaj AutoAutomobiles | 1.17% | 3.88% |
| Page IndustriesTextiles & Apparels | 0.99% | 2.76% |
| TrentRetailing | 0.68% | 3.15% |
| Hindustan UnileverDiversified FMCG | 0.51% | 5.22% |
| Godrej Consumer ProductsPersonal Products | 0.46% | 4.47% |
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.