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23 of 85 unique stocks in common · Jaccard: 27.1%
A weighted portfolio overlap of 38.8% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹38.8 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 9.26% in ICICI Prudential Energy Opportunities Fund and 9.12% in SBI Energy Opportunities 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 SBI |
|---|---|---|
| Reliance IndustriesPetroleum Products | 9.26% | 9.12% |
| Oil & Natural Gas CorporationOil | 5.26% | 6.77% |
| NTPCPower | 7.33% | 4.42% |
| Bharat Petroleum CorporationPetroleum Products | 3.36% | 4.73% |
| Kalpataru Projects InternationalConstruction | 2.59% | 5.71% |
| Indian Oil CorporationPetroleum Products | 2.55% | 2.95% |
| GAIL (India)Gas | 1.80% | 7.98% |
| PowericaElectrical Equipment | 1.46% | 1.50% |
| Gujarat EnergyGas | 1.39% | 5.59% |
| SiemensElectrical Equipment | 1.23% | 1.62% |
| Power Grid Corporation of IndiaPower | 0.92% | 0.95% |
| NHPCPower | 0.92% | 1.45% |
| CESCPower | 0.60% | 2.13% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.57% | 3.21% |
| Indian Energy ExchangeCapital Markets | 0.51% | 0.83% |
| Chemplast SanmarChemicals & Petrochemicals | 0.46% | 0.93% |
| Juniper Green EnergyPower | 0.55% | 0.42% |
| GSPL India TranscoGas | 0.32% | 1.13% |
| JSW EnergyPower | 0.29% | 3.80% |
| Petronet LNGGas | 0.29% | 4.77% |
| Indraprastha GasGas | 0.19% | 2.02% |
| CMR Green TechnologiesIndustrial Products | 0.19% | 0.07% |
| Oil IndiaOil | 4.05% | 0.07% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.