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21 of 136 unique stocks in common · Jaccard: 15.4%
A weighted portfolio overlap of 26.59% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.59 is allocated to the exact same companies at the same relative proportions. The schemes share 21 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 5.82% in SBI Contra 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 | 9.24% | 5.82% |
| Reliance IndustriesPetroleum Products | 5.46% | 4.95% |
| ICICI BankBanks | 7.17% | 3.58% |
| Kotak Mahindra BankBanks | 3.30% | 2.60% |
| Axis BankBanks | 3.41% | 1.34% |
| Bharti AirtelTelecom - Services | 3.12% | 1.22% |
| Bajaj AutoAutomobiles | 1.17% | 1.44% |
| ICICI Prudential Life Insurance CompanyInsurance | 1.09% | 1.17% |
| Maruti Suzuki IndiaAutomobiles | 4.09% | 1.09% |
| Larsen & ToubroConstruction | 7.12% | 0.87% |
| Oil & Natural Gas CorporationOil | 0.80% | 1.34% |
| Hero MotoCorpAutomobiles | 2.07% | 0.47% |
| HDFC Asset Management CompanyCapital Markets | 0.74% | 0.37% |
| Indian Energy ExchangeCapital Markets | 0.31% | 0.30% |
| Timken IndiaIndustrial Products | 0.35% | 0.28% |
| Ingersoll - Rand (India)Industrial Products | 0.55% | 0.21% |
| Tata Motors Passenger VehiclesAutomobiles | 0.11% | 1.03% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.11% | 1.00% |
| Automotive AxlesAuto Components | 0.12% | 0.07% |
| Carborundum UniversalIndustrial Products | 0.07% | 0.20% |
| GAIL (India)Gas | 0.07% | 2.14% |
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.