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31 of 99 unique stocks in common · Jaccard: 31.3%
A weighted portfolio overlap of 46.51% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹46.51 is allocated to the exact same companies at the same relative proportions. The schemes share 31 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 7.15% in ICICI Prudential Dividend Yield Equity Fund and 9.12% in UTI - Master Equity Plan Unit Scheme. 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 | 7.15% | 9.12% |
| ICICI BankBanks | 5.99% | 8.19% |
| Reliance IndustriesPetroleum Products | 4.19% | 5.30% |
| Larsen & ToubroConstruction | 3.13% | 4.40% |
| Bharti AirtelTelecom - Services | 2.83% | 4.14% |
| Axis BankBanks | 4.63% | 2.61% |
| Ultratech CementCement & Cement Products | 2.44% | 1.86% |
| InfosysIT - Software | 1.85% | 4.73% |
| Maruti Suzuki IndiaAutomobiles | 3.26% | 1.63% |
| Avenue SupermartsRetailing | 2.03% | 1.37% |
| Tata Consultancy ServicesIT - Software | 2.29% | 1.31% |
| State Bank of IndiaBanks | 1.29% | 1.27% |
| Oil & Natural Gas CorporationOil | 1.50% | 1.12% |
| SBI Life Insurance CompanyInsurance | 1.44% | 0.91% |
| IndusInd BankBanks | 0.81% | 0.87% |
| Tech MahindraIT - Software | 0.78% | 1.15% |
| ITCDiversified FMCG | 0.74% | 1.13% |
| Power Grid Corporation of IndiaPower | 0.71% | 0.87% |
| Bharat Petroleum CorporationPetroleum Products | 0.66% | 0.71% |
| Central Mine Planning & Design InstituteCommercial Services & Supplies | 2.06% | 0.64% |
| Kotak Mahindra BankBanks | 0.64% | 4.53% |
| HDFC Life Insurance CompanyInsurance | 0.62% | 1.21% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 0.57% | 0.86% |
| Mahindra & MahindraAutomobiles | 0.54% | 1.41% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 5.82% | 0.51% |
| Bajaj FinanceFinance | 0.48% | 3.89% |
| Tata SteelFerrous Metals | 0.47% | 1.09% |
| HCL TechnologiesIT - Software | 0.48% | 0.47% |
| InterGlobe AviationTransport Services | 2.76% | 0.31% |
| Samvardhana Motherson InternationalAuto Components | 0.27% | 0.31% |
| LTIMindtreeIT - Software | 0.05% | 1.22% |
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.