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20 of 80 unique stocks in common · Jaccard: 25%
A weighted portfolio overlap of 37.54% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.54 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.63% in ICICI Prudential Equity Minimum Variance Fund and 8.56% in ICICI Prudential India Opportunities 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 Prudential Equity | in ICICI Prudential India |
|---|---|---|
| HDFC BankBanks | 6.63% | 8.56% |
| Axis BankBanks | 9.24% | 5.16% |
| Reliance IndustriesPetroleum Products | 9.56% | 3.53% |
| ICICI BankBanks | 3.27% | 5.87% |
| Larsen & ToubroConstruction | 5.08% | 2.95% |
| HDFC Life Insurance CompanyInsurance | 3.03% | 2.45% |
| Kotak Mahindra BankBanks | 8.95% | 2.02% |
| Hindustan UnileverDiversified FMCG | 4.16% | 1.84% |
| NTPCPower | 3.76% | 1.72% |
| Life Insurance Corporation Of IndiaInsurance | 1.56% | 4.25% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 1.17% | 2.36% |
| TrentRetailing | 1.08% | 0.85% |
| InfosysIT - Software | 0.85% | 4.89% |
| Britannia IndustriesFood Products | 0.79% | 2.04% |
| Ultratech CementCement & Cement Products | 2.36% | 0.75% |
| Tata Consultancy ServicesIT - Software | 0.62% | 1.00% |
| Tata Motors Passenger VehiclesAutomobiles | 0.58% | 1.25% |
| State Bank of IndiaBanks | 7.14% | 0.34% |
| Bajaj FinservFinance | 2.65% | 0.25% |
| Maruti Suzuki IndiaAutomobiles | 0.25% | 0.21% |
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.