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12 of 128 unique stocks in common · Jaccard: 9.4%
A weighted portfolio overlap of 18.34% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.34 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 6.88% in ICICI Prudential Children’s Fund and 4.53% in UTI Multi 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 UTI |
|---|---|---|
| HDFC BankBanks | 6.88% | 4.53% |
| InfosysIT - Software | 3.30% | 2.52% |
| Reliance IndustriesPetroleum Products | 8.45% | 2.30% |
| Kotak Mahindra BankBanks | 2.18% | 4.03% |
| Tata Consultancy ServicesIT - Software | 1.60% | 1.60% |
| Axis BankBanks | 2.28% | 1.28% |
| Power Grid Corporation of IndiaPower | 1.03% | 1.20% |
| Gulf Oil Lubricants IndiaPetroleum Products | 0.90% | 1.25% |
| Life Insurance Corporation of IndiaInsurance | 1.31% | 0.76% |
| LupinPharmaceuticals & Biotechnology | 0.64% | 1.04% |
| SKF IndiaAuto Components | 0.54% | 0.35% |
| Voltamp TransformersElectrical Equipment | 0.25% | 1.28% |
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.