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21 of 140 unique stocks in common · Jaccard: 15%
A weighted portfolio overlap of 32.95% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.95 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 5.50% in SBI Flexicap 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 | in SBI |
|---|---|---|
| ICICI BankBanks | 7.43% | 5.50% |
| Axis BankBanks | 6.21% | 4.49% |
| HDFC BankBanks | 7.09% | 4.24% |
| Larsen & ToubroConstruction | 4.90% | 4.04% |
| NTPCPower | 3.70% | 3.21% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 5.50% | 2.05% |
| Reliance IndustriesPetroleum Products | 5.49% | 1.93% |
| InfosysIT - Software | 1.85% | 2.07% |
| State Bank of IndiaBanks | 1.48% | 2.15% |
| Bharti AirtelTelecom - Services | 2.51% | 0.99% |
| Maruti Suzuki IndiaAutomobiles | 3.58% | 0.97% |
| Oil & Natural Gas CorporationOil | 0.68% | 1.84% |
| EternalRetailing | 1.58% | 0.46% |
| Jubilant FoodworksLeisure Services | 0.19% | 0.72% |
| BioconPharmaceuticals & Biotechnology | 0.17% | 1.34% |
| Bandhan BankBanks | 0.16% | 1.19% |
| Power Mech ProjectsConstruction | 0.13% | 0.63% |
| Sona BLW Precision ForgingsAuto Components | 0.13% | 0.72% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 0.13% | 2.55% |
| JSW CementCement & Cement Products | 0.11% | 0.51% |
| SwiggyRetailing | 0.05% | 1.01% |
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.