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14 of 143 unique stocks in common · Jaccard: 9.8%
A weighted portfolio overlap of 15.36% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.36 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 5.49% in ICICI Prudential ELSS Tax Saver Fund and 9.24% in ICICI Prudential Energy Opportunities 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 Prudential ELSS | in ICICI Prudential Energy |
|---|---|---|
| Reliance IndustriesPetroleum Products | 5.49% | 9.24% |
| NTPCPower | 3.70% | 7.45% |
| HDFC BankBanks | 7.09% | 1.80% |
| Inox WindElectrical Equipment | 1.16% | 1.09% |
| ICICI BankBanks | 7.43% | 0.70% |
| RECFinance | 1.14% | 0.68% |
| Oil & Natural Gas CorporationOil | 0.68% | 6.64% |
| Larsen & ToubroConstruction | 4.90% | 0.42% |
| Siemens Energy IndiaElectrical Equipment | 0.21% | 2.32% |
| Havells IndiaConsumer Durables | 0.17% | 0.43% |
| Techno Electric & Engineering CompanyConstruction | 0.15% | 1.01% |
| Power Mech ProjectsConstruction | 0.13% | 1.66% |
| Inox IndiaIndustrial Products | 0.13% | 1.33% |
| Sarda Energy & MineralsFerrous Metals | 0.01% | 0.40% |
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.