Loading fund overlap…
25 of 149 unique stocks in common · Jaccard: 16.8%
A weighted portfolio overlap of 37.51% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.51 is allocated to the exact same companies at the same relative proportions. The schemes share 25 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.07% in ICICI Prudential Equity & Debt Fund and 6.11% in Nippon India ELSS Tax Saver 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 Nippon |
|---|---|---|
| HDFC BankBanks | 6.07% | 6.11% |
| ICICI BankBanks | 4.88% | 7.55% |
| NTPCPower | 4.02% | 3.79% |
| Reliance IndustriesPetroleum Products | 4.71% | 3.14% |
| Axis BankBanks | 2.97% | 3.79% |
| Avenue SupermartsRetailing | 2.57% | 1.78% |
| Larsen & ToubroConstruction | 1.75% | 2.83% |
| InterGlobe AviationTransport Services | 2.37% | 1.60% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 4.16% | 1.36% |
| EternalRetailing | 1.23% | 1.35% |
| ITCDiversified FMCG | 1.22% | 1.63% |
| SBI Life Insurance CompanyInsurance | 1.11% | 1.40% |
| Tata Consultancy ServicesIT - Software | 1.87% | 1.02% |
| Samvardhana Motherson InternationalAuto Components | 0.89% | 2.70% |
| Ultratech CementCement & Cement Products | 0.89% | 1.44% |
| State Bank of IndiaBanks | 0.82% | 3.49% |
| InfosysIT - Software | 0.79% | 3.90% |
| Ambuja CementsCement & Cement Products | 0.76% | 1.12% |
| RECFinance | 0.51% | 1.70% |
| Oil & Natural Gas CorporationOil | 1.22% | 0.34% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.27% | 1.26% |
| United BreweriesBeverages | 0.11% | 1.09% |
| PVR INOXEntertainment | 0.10% | 0.91% |
| KNR ConstructionsConstruction | 0.07% | 0.37% |
| Tata Power CompanyPower | 0.03% | 1.59% |
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.