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19 of 151 unique stocks in common · Jaccard: 12.6%
A weighted portfolio overlap of 19.62% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.62 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 8.45% in ICICI Prudential Children’s Fund and 8.47% in NJ Balanced Advantage Fund. Holding both schemes increases your concentration in Reliance Industries 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 NJ |
|---|---|---|
| Reliance IndustriesPetroleum Products | 8.45% | 8.47% |
| HCL TechnologiesIT - Software | 2.84% | 3.44% |
| HDFC BankBanks | 6.88% | 1.69% |
| InfosysIT - Software | 3.30% | 1.32% |
| Hero MotoCorpAutomobiles | 1.22% | 3.17% |
| Tata Consultancy ServicesIT - Software | 1.60% | 1.20% |
| ITCDiversified FMCG | 0.61% | 1.17% |
| State Bank of IndiaBanks | 3.43% | 0.57% |
| Axis BankBanks | 2.28% | 0.34% |
| Hindustan UnileverDiversified FMCG | 1.41% | 0.27% |
| L&T Technology ServicesIT - Services | 0.28% | 0.23% |
| Procter & Gamble Hygiene and Health CarePersonal Products | 1.08% | 0.22% |
| Power Grid Corporation of IndiaPower | 1.03% | 0.21% |
| Grindwell NortonIndustrial Products | 0.72% | 0.19% |
| CyientIT - Services | 0.71% | 0.17% |
| Indus TowersTelecom - Services | 0.63% | 0.06% |
| Samvardhana Motherson InternationalAuto Components | 0.63% | 0.02% |
| ICICI Prudential Life Insurance CompanyInsurance | 1.30% | 0.01% |
| Grasim IndustriesCement & Cement Products | 2.55% | 0.00% |
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.