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7 of 76 unique stocks in common · Jaccard: 9.2%
A weighted portfolio overlap of 22.37% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.37 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Mahindra & Mahindra, which commands a weight of 7.48% in ICICI Prudential Conglomerate Fund and 7.13% in ICICI Prudential Nifty EV & New Age Automotive ETF. Holding both schemes increases your concentration in Mahindra & Mahindra 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 Prudential Conglomerate | in ICICI Prudential Nifty |
|---|---|---|
| Mahindra & MahindraAutomobiles | 7.48% | 7.13% |
| CG Power and Industrial SolutionsElectrical Equipment | 7.79% | 4.88% |
| Samvardhana Motherson InternationalAuto Components | 3.03% | 4.65% |
| TVS Motor CompanyAutomobiles | 3.40% | 2.46% |
| Tata Motors Passenger VehiclesAutomobiles | 2.40% | 2.58% |
| Bajaj AutoAutomobiles | 2.27% | 3.61% |
| Gujarat FluorochemicalsChemicals & Petrochemicals | 0.20% | 3.13% |
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.