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18 of 132 unique stocks in common · Jaccard: 13.6%
A weighted portfolio overlap of 25.79% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.79 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 7.18% in SBI Large and Midcap 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% | 7.18% |
| Axis BankBanks | 3.41% | 3.30% |
| ICICI BankBanks | 7.17% | 2.65% |
| Reliance IndustriesPetroleum Products | 5.46% | 2.55% |
| Asian PaintsConsumer Durables | 2.24% | 2.60% |
| HDFC Life Insurance CompanyInsurance | 2.89% | 1.94% |
| Shree CementCement & Cement Products | 1.10% | 2.15% |
| Page IndustriesTextiles & Apparels | 0.99% | 1.18% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.67% | 2.21% |
| Ingersoll - Rand (India)Industrial Products | 0.55% | 0.68% |
| Hindustan UnileverDiversified FMCG | 0.51% | 1.09% |
| Godrej Consumer ProductsPersonal Products | 0.46% | 1.23% |
| HDFC Asset Management CompanyCapital Markets | 0.74% | 0.38% |
| Hindustan Petroleum CorporationPetroleum Products | 0.36% | 0.93% |
| Timken IndiaIndustrial Products | 0.35% | 0.52% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.29% | 0.56% |
| Gujarat GasGas | 0.16% | 0.30% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.11% | 2.05% |
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.