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25 of 122 unique stocks in common · Jaccard: 20.5%
A weighted portfolio overlap of 46.72% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹46.72 is allocated to the exact same companies at the same relative proportions. The schemes share 25 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 9.31% in Nippon India Large Cap 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 | in Nippon |
|---|---|---|
| HDFC BankBanks | 7.09% | 9.31% |
| ICICI BankBanks | 7.43% | 6.47% |
| Reliance IndustriesPetroleum Products | 5.49% | 7.30% |
| Axis BankBanks | 6.21% | 4.46% |
| Larsen & ToubroConstruction | 4.90% | 3.71% |
| NTPCPower | 3.70% | 2.99% |
| Maruti Suzuki IndiaAutomobiles | 3.58% | 2.17% |
| InfosysIT - Software | 1.85% | 3.32% |
| EternalRetailing | 1.58% | 1.71% |
| State Bank of IndiaBanks | 1.48% | 6.04% |
| SBI Cards and Payment ServicesFinance | 1.29% | 1.14% |
| SBI Life Insurance CompanyInsurance | 1.91% | 1.10% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 5.50% | 0.89% |
| Samvardhana Motherson InternationalAuto Components | 1.07% | 0.85% |
| Hindustan UnileverDiversified FMCG | 0.83% | 1.40% |
| Chalet HotelsLeisure Services | 0.80% | 2.11% |
| Bharti AirtelTelecom - Services | 2.51% | 0.73% |
| Mahindra & MahindraAutomobiles | 0.58% | 0.99% |
| Ultratech CementCement & Cement Products | 1.93% | 0.57% |
| PVR INOXEntertainment | 1.25% | 0.50% |
| RECFinance | 1.14% | 0.49% |
| ITCDiversified FMCG | 0.37% | 5.84% |
| Tech MahindraIT - Software | 0.30% | 0.41% |
| Page IndustriesTextiles & Apparels | 0.19% | 0.36% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.11% | 0.34% |
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.