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21 of 126 unique stocks in common · Jaccard: 16.7%
A weighted portfolio overlap of 34.36% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹34.36 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 HDFC Bank, which commands a weight of 7.09% in ICICI Prudential ELSS Tax Saver Fund and 8.28% in UTI 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 UTI |
|---|---|---|
| HDFC BankBanks | 7.09% | 8.28% |
| ICICI BankBanks | 7.43% | 5.84% |
| Axis BankBanks | 6.21% | 3.82% |
| Reliance IndustriesPetroleum Products | 5.49% | 2.75% |
| Bharti AirtelTelecom - Services | 2.51% | 4.35% |
| Maruti Suzuki IndiaAutomobiles | 3.58% | 2.20% |
| InfosysIT - Software | 1.85% | 3.39% |
| State Bank of IndiaBanks | 1.48% | 3.44% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 5.50% | 1.46% |
| Samvardhana Motherson InternationalAuto Components | 1.07% | 0.99% |
| PVR INOXEntertainment | 1.25% | 0.93% |
| PI IndustriesFertilizers & Agrochemicals | 1.16% | 0.75% |
| Oil & Natural Gas CorporationOil | 0.68% | 0.93% |
| Mahindra & MahindraAutomobiles | 0.58% | 3.01% |
| IndusInd BankBanks | 0.44% | 1.70% |
| Sapphire Foods IndiaLeisure Services | 0.31% | 0.74% |
| Tech MahindraIT - Software | 0.30% | 2.60% |
| DLFRealty | 0.21% | 0.96% |
| Brigade EnterprisesRealty | 0.08% | 1.20% |
| PNC InfratechConstruction | 0.06% | 0.75% |
| SwiggyRetailing | 0.05% | 0.72% |
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.