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17 of 119 unique stocks in common · Jaccard: 14.3%
A weighted portfolio overlap of 36.91% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹36.91 is allocated to the exact same companies at the same relative proportions. The schemes share 17 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 7.23% in Templeton India Value 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 Templeton |
|---|---|---|
| HDFC BankBanks | 7.09% | 7.23% |
| Axis BankBanks | 6.21% | 6.78% |
| Reliance IndustriesPetroleum Products | 5.49% | 6.01% |
| ICICI BankBanks | 7.43% | 4.67% |
| Maruti Suzuki IndiaAutomobiles | 3.58% | 3.27% |
| NTPCPower | 3.70% | 2.04% |
| InfosysIT - Software | 1.85% | 3.45% |
| State Bank of IndiaBanks | 1.48% | 2.66% |
| RECFinance | 1.14% | 2.21% |
| Tata Consultancy ServicesIT - Software | 1.09% | 4.01% |
| Oil & Natural Gas CorporationOil | 0.68% | 3.82% |
| Akums Drugs And PharmaceuticalsPharmaceuticals & Biotechnology | 0.66% | 1.51% |
| V-Mart RetailRetailing | 0.58% | 1.34% |
| ITCDiversified FMCG | 0.37% | 2.20% |
| Bandhan BankBanks | 0.16% | 1.90% |
| Teamlease ServicesCommercial Services & Supplies | 0.10% | 0.70% |
| SwiggyRetailing | 0.05% | 1.36% |
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.