Loading fund overlap…
10 of 100 unique stocks in common · Jaccard: 10%
A weighted portfolio overlap of 11.35% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.35 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 Reliance Industries, which commands a weight of 5.46% in ICICI Prudential Business Cycle Fund and 7.85% in SBI Energy Opportunities Fund. Holding both schemes increases your concentration in Reliance Industries 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 5.46% | 7.85% |
| NTPCPower | 2.83% | 4.89% |
| Oil & Natural Gas CorporationOil | 0.80% | 7.24% |
| SiemensElectrical Equipment | 0.89% | 0.73% |
| NHPCPower | 0.63% | 0.97% |
| Indian Energy ExchangeCapital Markets | 0.31% | 0.82% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.29% | 3.04% |
| Gujarat GasGas | 0.16% | 8.47% |
| Oil IndiaOil | 0.51% | 0.07% |
| GAIL (India)Gas | 0.07% | 6.91% |
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.