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17 of 153 unique stocks in common · Jaccard: 11.1%
A weighted portfolio overlap of 17.01% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.01 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 Reliance Industries, which commands a weight of 9.24% in ICICI Prudential Energy Opportunities Fund and 8.47% in NJ Balanced Advantage Fund. Holding both schemes increases your concentration in Reliance Industries 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 NJ |
|---|---|---|
| Reliance IndustriesPetroleum Products | 9.24% | 8.47% |
| Coal IndiaConsumable Fuels | 4.51% | 3.21% |
| HDFC BankBanks | 1.80% | 1.69% |
| Mahanagar GasGas | 1.14% | 1.09% |
| Indian Energy ExchangeCapital Markets | 0.52% | 1.12% |
| Petronet LNGGas | 0.51% | 1.40% |
| ICICI BankBanks | 0.70% | 0.44% |
| Havells IndiaConsumer Durables | 0.43% | 1.27% |
| Power Grid Corporation of IndiaPower | 1.92% | 0.21% |
| Tata Power CompanyPower | 0.65% | 0.19% |
| Larsen & ToubroConstruction | 0.42% | 0.18% |
| GAIL (India)Gas | 0.74% | 0.03% |
| Bharat Heavy ElectricalsElectrical Equipment | 0.49% | 0.02% |
| Bharat Petroleum CorporationPetroleum Products | 2.14% | 0.00% |
| Hindustan Petroleum CorporationPetroleum Products | 0.16% | 0.00% |
| NTPCPower | 7.45% | 0.00% |
| CG Power and Industrial SolutionsElectrical Equipment | 0.76% | 0.00% |
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.