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11 of 101 unique stocks in common · Jaccard: 10.9%
A weighted portfolio overlap of 26.77% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.77 is allocated to the exact same companies at the same relative proportions. The schemes share 11 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 12.80% in SBI Banking And Financial Services 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 SBI |
|---|---|---|
| ICICI BankBanks | 7.17% | 12.80% |
| HDFC BankBanks | 9.24% | 5.90% |
| Axis BankBanks | 3.41% | 6.21% |
| Kotak Mahindra BankBanks | 3.30% | 9.98% |
| HDFC Life Insurance CompanyInsurance | 2.89% | 4.79% |
| SBI Life Insurance CompanyInsurance | 1.71% | 2.74% |
| ICICI Prudential Life Insurance CompanyInsurance | 1.09% | 2.20% |
| HDFC Asset Management CompanyCapital Markets | 0.74% | 1.17% |
| Credit Analysis And ResearchCapital Markets | 0.24% | 0.88% |
| LIC Housing FinanceFinance | 0.22% | 0.92% |
| Bank of BarodaBanks | 0.11% | 2.95% |
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.