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20 of 141 unique stocks in common · Jaccard: 14.2%
A weighted portfolio overlap of 25.56% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.56 is allocated to the exact same companies at the same relative proportions. The schemes share 20 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 4.53% in UTI Multi 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 UTI |
|---|---|---|
| HDFC BankBanks | 7.09% | 4.53% |
| ICICI BankBanks | 7.43% | 3.89% |
| Reliance IndustriesPetroleum Products | 5.49% | 2.30% |
| InfosysIT - Software | 1.85% | 2.52% |
| Bharti AirtelTelecom - Services | 2.51% | 1.78% |
| Larsen & ToubroConstruction | 4.90% | 1.57% |
| Ultratech CementCement & Cement Products | 1.93% | 1.53% |
| SBI Life Insurance CompanyInsurance | 1.91% | 1.45% |
| Maruti Suzuki IndiaAutomobiles | 3.58% | 1.36% |
| Axis BankBanks | 6.21% | 1.28% |
| PVR INOXEntertainment | 1.25% | 1.35% |
| Tata Consultancy ServicesIT - Software | 1.09% | 1.60% |
| RECFinance | 1.14% | 0.79% |
| Jubilant FoodworksLeisure Services | 0.19% | 1.18% |
| Motherson Sumi Wiring IndiaAuto Components | 0.17% | 1.09% |
| Apollo TyresAuto Components | 0.17% | 0.50% |
| Inox IndiaIndustrial Products | 0.13% | 1.42% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 0.13% | 1.00% |
| PNC InfratechConstruction | 0.06% | 0.88% |
| SwiggyRetailing | 0.05% | 1.05% |
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.