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13 of 129 unique stocks in common · Jaccard: 10.1%
A weighted portfolio overlap of 28.91% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.91 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 7.09% in ICICI Prudential ELSS Tax Saver Fund and 6.59% in ICICI Prudential Housing Opportunities Fund. 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 Prudential ELSS | in ICICI Prudential Housing |
|---|---|---|
| HDFC BankBanks | 7.09% | 6.59% |
| ICICI BankBanks | 7.43% | 5.97% |
| Larsen & ToubroConstruction | 4.90% | 7.56% |
| NTPCPower | 3.70% | 7.96% |
| Ultratech CementCement & Cement Products | 1.93% | 4.48% |
| Axis BankBanks | 6.21% | 1.69% |
| State Bank of IndiaBanks | 1.48% | 2.36% |
| Mahindra Lifespace DevelopersRealty | 1.08% | 0.95% |
| Ambuja CementsCement & Cement Products | 0.83% | 1.71% |
| IndusInd BankBanks | 0.44% | 0.65% |
| DLFRealty | 0.21% | 1.28% |
| Havells IndiaConsumer Durables | 0.17% | 2.03% |
| Brigade EnterprisesRealty | 0.08% | 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.