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12 of 115 unique stocks in common · Jaccard: 10.4%
A weighted portfolio overlap of 24.12% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.12 is allocated to the exact same companies at the same relative proportions. The schemes share 12 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 8.22% in Tata Large & Mid Cap 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 Tata |
|---|---|---|
| HDFC BankBanks | 9.24% | 8.22% |
| Reliance IndustriesPetroleum Products | 5.46% | 3.90% |
| ICICI BankBanks | 7.17% | 3.71% |
| Bharti AirtelTelecom - Services | 3.12% | 3.94% |
| Larsen & ToubroConstruction | 7.12% | 1.90% |
| Ultratech CementCement & Cement Products | 2.89% | 0.83% |
| Kotak Mahindra BankBanks | 3.30% | 0.72% |
| NHPCPower | 0.63% | 0.80% |
| PI IndustriesFertilizers & Agrochemicals | 0.52% | 3.77% |
| Ambuja CementsCement & Cement Products | 0.25% | 1.44% |
| LIC Housing FinanceFinance | 0.22% | 1.32% |
| Tata Motors Passenger VehiclesAutomobiles | 0.11% | 1.06% |
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.