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20 of 106 unique stocks in common · Jaccard: 18.9%
A weighted portfolio overlap of 48.36% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹48.36 is allocated to the exact same companies at the same relative proportions. The schemes share 20 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 10.53% in UTI Nifty 50 ETF. 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 UTI |
|---|---|---|
| HDFC BankBanks | 9.24% | 10.53% |
| ICICI BankBanks | 7.17% | 8.30% |
| Reliance IndustriesPetroleum Products | 5.46% | 8.25% |
| Larsen & ToubroConstruction | 7.12% | 4.42% |
| Axis BankBanks | 3.41% | 3.41% |
| Bharti AirtelTelecom - Services | 3.12% | 5.19% |
| Kotak Mahindra BankBanks | 3.30% | 2.61% |
| Mahindra & MahindraAutomobiles | 1.83% | 2.52% |
| NTPCPower | 2.83% | 1.70% |
| Maruti Suzuki IndiaAutomobiles | 4.09% | 1.59% |
| Ultratech CementCement & Cement Products | 2.89% | 1.26% |
| Asian PaintsConsumer Durables | 2.24% | 1.12% |
| Bajaj AutoAutomobiles | 1.17% | 1.07% |
| InterGlobe AviationTransport Services | 1.73% | 0.92% |
| Oil & Natural Gas CorporationOil | 0.80% | 0.95% |
| SBI Life Insurance CompanyInsurance | 1.71% | 0.76% |
| TrentRetailing | 0.68% | 0.87% |
| HDFC Life Insurance CompanyInsurance | 2.89% | 0.59% |
| Hindustan UnileverDiversified FMCG | 0.51% | 1.77% |
| Tata Motors Passenger VehiclesAutomobiles | 0.11% | 0.76% |
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.