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10 of 97 unique stocks in common · Jaccard: 10.3%
A weighted portfolio overlap of 25.3% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.3 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 8.98% in ICICI Prudential Business Cycle Fund and 13.48% in SBI Banking And Financial Services 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 | in SBI |
|---|---|---|
| HDFC BankBanks | 8.98% | 13.48% |
| ICICI BankBanks | 7.67% | 10.79% |
| Kotak Mahindra BankBanks | 3.86% | 9.82% |
| HDFC Life Insurance CompanyInsurance | 2.88% | 4.12% |
| ICICI Prudential Life Insurance CompanyInsurance | 1.15% | 2.16% |
| Credit Analysis And ResearchCapital Markets | 0.25% | 0.89% |
| Life Insurance Corporation Of IndiaInsurance | 0.17% | 1.50% |
| Sundaram FinanceFinance | 0.14% | 0.34% |
| Bank of BarodaBanks | 0.10% | 2.94% |
| PNB Housing FinanceFinance | 0.09% | 1.06% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.