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28 of 114 unique stocks in common · Jaccard: 24.6%
A weighted portfolio overlap of 55.03% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹55.03 is allocated to the exact same companies at the same relative proportions. The schemes share 28 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.43% in ICICI Prudential ELSS Tax Saver Fund and 6.89% in ICICI Prudential ESG Exclusionary Strategy 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 Prudential ELSS | in ICICI Prudential ESG |
|---|---|---|
| ICICI BankBanks | 7.43% | 6.89% |
| HDFC BankBanks | 7.09% | 6.19% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 5.50% | 7.36% |
| Axis BankBanks | 6.21% | 4.87% |
| TVS Motor CompanyAutomobiles | 3.86% | 5.33% |
| Maruti Suzuki IndiaAutomobiles | 3.58% | 4.03% |
| Avenue SupermartsRetailing | 5.16% | 3.13% |
| Bharti AirtelTelecom - Services | 2.51% | 3.75% |
| Reliance IndustriesPetroleum Products | 5.49% | 1.93% |
| SBI Life Insurance CompanyInsurance | 1.91% | 2.57% |
| InfosysIT - Software | 1.85% | 2.71% |
| EternalRetailing | 1.58% | 2.67% |
| State Bank of IndiaBanks | 1.48% | 1.52% |
| InterGlobe AviationTransport Services | 1.27% | 1.56% |
| Inox WindElectrical Equipment | 1.16% | 2.85% |
| RECFinance | 1.14% | 1.72% |
| Tata Consultancy ServicesIT - Software | 1.09% | 1.22% |
| PI IndustriesFertilizers & Agrochemicals | 1.16% | 1.07% |
| Hindustan UnileverDiversified FMCG | 0.83% | 1.01% |
| Ambuja CementsCement & Cement Products | 0.83% | 1.04% |
| Chalet HotelsLeisure Services | 0.80% | 1.97% |
| IndusInd BankBanks | 0.44% | 0.67% |
| Sundram FastenersAuto Components | 0.32% | 1.15% |
| Tech MahindraIT - Software | 0.30% | 0.93% |
| UPLFertilizers & Agrochemicals | 0.36% | 0.22% |
| Havells IndiaConsumer Durables | 0.17% | 1.17% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.11% | 0.55% |
| Rolex RingsAuto Components | 0.03% | 1.36% |
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.