Loading fund overlap…
23 of 135 unique stocks in common · Jaccard: 17%
A weighted portfolio overlap of 40.79% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.79 is allocated to the exact same companies at the same relative proportions. The schemes share 23 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 5.73% in ICICI Prudential Exports and Services 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 Exports |
|---|---|---|
| ICICI BankBanks | 7.43% | 5.73% |
| HDFC BankBanks | 7.09% | 5.19% |
| Larsen & ToubroConstruction | 4.90% | 3.91% |
| Reliance IndustriesPetroleum Products | 5.49% | 3.80% |
| NTPCPower | 3.70% | 3.22% |
| Bharti AirtelTelecom - Services | 2.51% | 2.08% |
| InfosysIT - Software | 1.85% | 7.11% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 5.50% | 1.81% |
| Axis BankBanks | 6.21% | 1.65% |
| Avenue SupermartsRetailing | 5.16% | 1.58% |
| State Bank of IndiaBanks | 1.48% | 2.21% |
| SBI Life Insurance CompanyInsurance | 1.91% | 1.37% |
| InterGlobe AviationTransport Services | 1.27% | 1.87% |
| TVS Motor CompanyAutomobiles | 3.86% | 1.08% |
| PI IndustriesFertilizers & Agrochemicals | 1.16% | 0.96% |
| Shilpa MedicarePharmaceuticals & Biotechnology | 0.76% | 0.82% |
| Tata Consultancy ServicesIT - Software | 1.09% | 0.73% |
| EternalRetailing | 1.58% | 0.62% |
| Mahindra & MahindraAutomobiles | 0.58% | 0.69% |
| TrentRetailing | 0.55% | 0.94% |
| Tech MahindraIT - Software | 0.30% | 1.37% |
| Canara HSBC Life Insurance CoInsurance | 0.28% | 0.88% |
| Rolex RingsAuto Components | 0.03% | 1.08% |
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.