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14 of 113 unique stocks in common · Jaccard: 12.4%
A weighted portfolio overlap of 24% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.88% in ICICI Prudential Children’s Fund and 6.11% in Nippon India ELSS Tax Saver 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 Nippon |
|---|---|---|
| HDFC BankBanks | 6.88% | 6.11% |
| State Bank of IndiaBanks | 3.43% | 3.49% |
| InfosysIT - Software | 3.30% | 3.90% |
| Reliance IndustriesPetroleum Products | 8.45% | 3.14% |
| Axis BankBanks | 2.28% | 3.79% |
| Tata Consultancy ServicesIT - Software | 1.60% | 1.02% |
| Hero MotoCorpAutomobiles | 1.22% | 0.91% |
| Timken IndiaIndustrial Products | 1.78% | 0.78% |
| Samvardhana Motherson InternationalAuto Components | 0.63% | 2.70% |
| InterGlobe AviationTransport Services | 0.63% | 1.60% |
| ITCDiversified FMCG | 0.61% | 1.63% |
| Carborundum UniversalIndustrial Products | 1.06% | 0.57% |
| Automotive AxlesAuto Components | 0.42% | 0.74% |
| EternalRetailing | 0.18% | 1.35% |
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.