Loading fund overlap…
17 of 100 unique stocks in common · Jaccard: 17%
A weighted portfolio overlap of 43.03% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹43.03 is allocated to the exact same companies at the same relative proportions. The schemes share 17 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 7.65% in SBI ESG Exclusionary Strategy 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% | 7.65% |
| ICICI BankBanks | 7.17% | 8.11% |
| Larsen & ToubroConstruction | 7.12% | 4.82% |
| Maruti Suzuki IndiaAutomobiles | 4.09% | 3.85% |
| Axis BankBanks | 3.41% | 5.06% |
| Kotak Mahindra BankBanks | 3.30% | 3.78% |
| Ultratech CementCement & Cement Products | 2.89% | 3.30% |
| Reliance IndustriesPetroleum Products | 5.46% | 2.53% |
| Asian PaintsConsumer Durables | 2.24% | 3.05% |
| ICICI Prudential Life Insurance CompanyInsurance | 1.09% | 1.30% |
| Page IndustriesTextiles & Apparels | 0.99% | 1.38% |
| SiemensElectrical Equipment | 0.89% | 2.14% |
| ABB IndiaElectrical Equipment | 0.73% | 2.00% |
| Oberoi RealtyRealty | 0.53% | 1.40% |
| Timken IndiaIndustrial Products | 0.35% | 1.91% |
| Britannia IndustriesFood Products | 0.31% | 1.34% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.29% | 1.15% |
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.