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8 of 110 unique stocks in common · Jaccard: 7.3%
A weighted portfolio overlap of 16% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16 is allocated to the exact same companies at the same relative proportions. The schemes share 8 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 8.25% in UTI Nifty 50 ETF. 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 UTI |
|---|---|---|
| Reliance IndustriesPetroleum Products | 9.24% | 8.25% |
| HDFC BankBanks | 1.80% | 10.53% |
| NTPCPower | 7.45% | 1.70% |
| Power Grid Corporation of IndiaPower | 1.92% | 1.22% |
| Coal IndiaConsumable Fuels | 4.51% | 0.96% |
| Oil & Natural Gas CorporationOil | 6.64% | 0.95% |
| ICICI BankBanks | 0.70% | 8.30% |
| Larsen & ToubroConstruction | 0.42% | 4.42% |
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.