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21 of 130 unique stocks in common · Jaccard: 16.2%
A weighted portfolio overlap of 27.53% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.53 is allocated to the exact same companies at the same relative proportions. The schemes share 21 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 6.63% in ICICI Prudential Quality 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 Quality |
|---|---|---|
| ICICI BankBanks | 7.43% | 6.63% |
| HDFC BankBanks | 7.09% | 3.57% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 5.50% | 3.45% |
| InfosysIT - Software | 1.85% | 3.78% |
| Ultratech CementCement & Cement Products | 1.93% | 1.77% |
| InterGlobe AviationTransport Services | 1.27% | 1.82% |
| EternalRetailing | 1.58% | 1.26% |
| State Bank of IndiaBanks | 1.48% | 1.24% |
| Tata Consultancy ServicesIT - Software | 1.09% | 2.32% |
| Astra Microwave ProductsAerospace & Defense | 0.98% | 1.82% |
| Hindustan UnileverDiversified FMCG | 0.83% | 2.89% |
| NTPCPower | 3.70% | 0.60% |
| Alkem LaboratoriesPharmaceuticals & Biotechnology | 0.60% | 1.86% |
| Mahindra & MahindraAutomobiles | 0.58% | 2.50% |
| TrentRetailing | 0.55% | 1.21% |
| ITCDiversified FMCG | 0.37% | 0.93% |
| Tech MahindraIT - Software | 0.30% | 1.86% |
| Siemens Energy IndiaElectrical Equipment | 0.21% | 0.94% |
| International Gemmological Institute (India)Commercial Services & Supplies | 0.20% | 0.44% |
| JSW CementCement & Cement Products | 0.11% | 0.42% |
| Brigade EnterprisesRealty | 0.08% | 0.57% |
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.