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19 of 123 unique stocks in common · Jaccard: 15.4%
A weighted portfolio overlap of 34.81% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹34.81 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 ICICI Bank, which commands a weight of 5.99% in ICICI Prudential Dividend Yield Equity Fund and 5.50% in SBI Flexicap Fund. Holding both schemes increases your concentration in ICICI 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 SBI |
|---|---|---|
| ICICI BankBanks | 5.99% | 5.50% |
| Axis BankBanks | 4.63% | 4.49% |
| HDFC BankBanks | 7.15% | 4.24% |
| NTPCPower | 4.09% | 3.21% |
| Larsen & ToubroConstruction | 3.13% | 4.04% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 5.82% | 2.05% |
| Reliance IndustriesPetroleum Products | 4.19% | 1.93% |
| InfosysIT - Software | 1.85% | 2.07% |
| Oil & Natural Gas CorporationOil | 1.50% | 1.84% |
| Cummins IndiaIndustrial Products | 2.47% | 1.35% |
| State Bank of IndiaBanks | 1.29% | 2.15% |
| Bharti AirtelTelecom - Services | 2.83% | 0.99% |
| Maruti Suzuki IndiaAutomobiles | 3.26% | 0.97% |
| Bharat Petroleum CorporationPetroleum Products | 0.66% | 1.99% |
| Kotak Mahindra BankBanks | 0.64% | 0.99% |
| HCL TechnologiesIT - Software | 0.48% | 0.82% |
| Tata SteelFerrous Metals | 0.47% | 3.38% |
| JSW EnergyPower | 0.05% | 0.82% |
| Tata Power CompanyPower | 0.02% | 2.24% |
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.