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19 of 116 unique stocks in common · Jaccard: 16.4%
A weighted portfolio overlap of 33.24% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.24 is allocated to the exact same companies at the same relative proportions. The schemes share 19 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 7.55% in Nippon India ELSS Tax Saver 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 | in Nippon |
|---|---|---|
| ICICI BankBanks | 7.17% | 7.55% |
| HDFC BankBanks | 9.24% | 6.11% |
| Axis BankBanks | 3.41% | 3.79% |
| Reliance IndustriesPetroleum Products | 5.46% | 3.14% |
| Larsen & ToubroConstruction | 7.12% | 2.83% |
| NTPCPower | 2.83% | 3.79% |
| InterGlobe AviationTransport Services | 1.73% | 1.60% |
| Ultratech CementCement & Cement Products | 2.89% | 1.44% |
| SBI Life Insurance CompanyInsurance | 1.71% | 1.40% |
| Hero MotoCorpAutomobiles | 2.07% | 0.91% |
| ICICI Lombard General Insurance CompanyInsurance | 0.71% | 1.72% |
| Timken IndiaIndustrial Products | 0.35% | 0.78% |
| Oil & Natural Gas CorporationOil | 0.80% | 0.34% |
| TVS HoldingsFinance | 0.26% | 1.74% |
| Ambuja CementsCement & Cement Products | 0.25% | 1.12% |
| UTI Asset Management CompanyCapital Markets | 0.20% | 0.83% |
| Automotive AxlesAuto Components | 0.12% | 0.74% |
| Tata Motors Passenger VehiclesAutomobiles | 0.11% | 1.96% |
| Carborundum UniversalIndustrial Products | 0.07% | 0.57% |
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.