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22 of 117 unique stocks in common · Jaccard: 18.8%
A weighted portfolio overlap of 47.63% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹47.63 is allocated to the exact same companies at the same relative proportions. The schemes share 22 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 8.30% in UTI Nifty 50 ETF. 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 UTI |
|---|---|---|
| ICICI BankBanks | 7.43% | 8.30% |
| HDFC BankBanks | 7.09% | 10.53% |
| Reliance IndustriesPetroleum Products | 5.49% | 8.25% |
| Larsen & ToubroConstruction | 4.90% | 4.42% |
| Axis BankBanks | 6.21% | 3.41% |
| Bharti AirtelTelecom - Services | 2.51% | 5.19% |
| InfosysIT - Software | 1.85% | 3.76% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 5.50% | 1.76% |
| NTPCPower | 3.70% | 1.70% |
| Maruti Suzuki IndiaAutomobiles | 3.58% | 1.59% |
| EternalRetailing | 1.58% | 1.67% |
| State Bank of IndiaBanks | 1.48% | 3.70% |
| Ultratech CementCement & Cement Products | 1.93% | 1.26% |
| Tata Consultancy ServicesIT - Software | 1.09% | 2.13% |
| InterGlobe AviationTransport Services | 1.27% | 0.92% |
| Hindustan UnileverDiversified FMCG | 0.83% | 1.77% |
| SBI Life Insurance CompanyInsurance | 1.91% | 0.76% |
| Oil & Natural Gas CorporationOil | 0.68% | 0.95% |
| Mahindra & MahindraAutomobiles | 0.58% | 2.52% |
| TrentRetailing | 0.55% | 0.87% |
| ITCDiversified FMCG | 0.37% | 2.56% |
| Tech MahindraIT - Software | 0.30% | 0.87% |
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.