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23 of 115 unique stocks in common · Jaccard: 20%
A weighted portfolio overlap of 24.25% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.25 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 9.53% in ICICI Prudential Equity Minimum Variance 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 | 9.53% | 8.47% |
| Bajaj AutoAutomobiles | 3.58% | 3.05% |
| Britannia IndustriesFood Products | 2.49% | 2.56% |
| HCL TechnologiesIT - Software | 2.18% | 3.44% |
| HDFC BankBanks | 7.00% | 1.69% |
| InfosysIT - Software | 5.56% | 1.32% |
| Tata Consultancy ServicesIT - Software | 2.67% | 1.20% |
| ITCDiversified FMCG | 3.53% | 1.17% |
| State Bank of IndiaBanks | 6.59% | 0.57% |
| ICICI BankBanks | 4.72% | 0.44% |
| Axis BankBanks | 4.67% | 0.34% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.25% | 0.30% |
| Hindustan UnileverDiversified FMCG | 2.21% | 0.27% |
| Power Grid Corporation of IndiaPower | 0.79% | 0.21% |
| Larsen & ToubroConstruction | 3.14% | 0.18% |
| Titan CompanyConsumer Durables | 0.14% | 0.17% |
| DLFRealty | 0.20% | 0.10% |
| Bharti AirtelTelecom - Services | 1.25% | 0.05% |
| HDFC Life Insurance CompanyInsurance | 2.15% | 0.03% |
| GAIL (India)Gas | 0.17% | 0.03% |
| CiplaPharmaceuticals & Biotechnology | 0.48% | 0.01% |
| NTPCPower | 1.98% | 0.00% |
| Grasim IndustriesCement & Cement Products | 4.35% | 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.