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24 of 201 unique stocks in common · Jaccard: 11.9%
A weighted portfolio overlap of 8.25% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.25 is allocated to the exact same companies at the same relative proportions. The schemes share 24 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 2.50% in ICICI Prudential Smallcap 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 Smallcap |
|---|---|---|
| HDFC BankBanks | 7.09% | 2.50% |
| Reliance IndustriesPetroleum Products | 5.49% | 0.97% |
| Mahindra & MahindraAutomobiles | 0.58% | 2.13% |
| Syngene InternationalHealthcare Services | 1.22% | 0.53% |
| Larsen & ToubroConstruction | 4.90% | 0.46% |
| ICICI BankBanks | 7.43% | 0.44% |
| Arvind FashionsRetailing | 0.53% | 0.40% |
| Sundram FastenersAuto Components | 0.32% | 0.51% |
| Leela Palaces Hotels & ResortsLeisure Services | 0.59% | 0.31% |
| Canara HSBC Life Insurance CoInsurance | 0.28% | 0.29% |
| Red TapeConsumer Durables | 0.22% | 0.40% |
| DLFRealty | 0.21% | 0.86% |
| Aarti IndustriesChemicals & Petrochemicals | 0.20% | 0.53% |
| Page IndustriesTextiles & Apparels | 0.19% | 1.21% |
| Sona BLW Precision ForgingsAuto Components | 0.13% | 0.17% |
| PVR INOXEntertainment | 1.25% | 0.12% |
| JSW CementCement & Cement Products | 0.11% | 0.57% |
| Teamlease ServicesCommercial Services & Supplies | 0.10% | 0.20% |
| Brigade EnterprisesRealty | 0.08% | 0.47% |
| PNC InfratechConstruction | 0.06% | 0.46% |
| Rolex RingsAuto Components | 0.03% | 0.60% |
| Gufic BiosciencesPharmaceuticals & Biotechnology | 0.02% | 0.17% |
| Sarda Energy & MineralsFerrous Metals | 0.01% | 0.09% |
| Kwality Walls IndiaFood Products | 0.01% | 0.53% |
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.