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19 of 47 unique stocks in common · Jaccard: 40.4%
A weighted portfolio overlap of 58.01% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹58.01 is allocated to the exact same companies at the same relative proportions. The schemes share 19 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 10.08% in SBI BSE Sensex 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 SBI |
|---|---|---|
| Reliance IndustriesPetroleum Products | 9.53% | 10.08% |
| HDFC BankBanks | 7.00% | 12.80% |
| ICICI BankBanks | 4.72% | 10.14% |
| InfosysIT - Software | 5.56% | 4.56% |
| State Bank of IndiaBanks | 6.59% | 4.52% |
| Axis BankBanks | 4.67% | 4.15% |
| Kotak Mahindra BankBanks | 5.32% | 3.19% |
| Larsen & ToubroConstruction | 3.14% | 5.38% |
| ITCDiversified FMCG | 3.53% | 3.12% |
| Tata Consultancy ServicesIT - Software | 2.67% | 2.58% |
| Hindustan UnileverDiversified FMCG | 2.21% | 2.16% |
| NTPCPower | 1.98% | 2.07% |
| Ultratech CementCement & Cement Products | 2.36% | 1.52% |
| HCL TechnologiesIT - Software | 2.18% | 1.41% |
| Bharti AirtelTelecom - Services | 1.25% | 5.89% |
| Bajaj FinservFinance | 4.47% | 1.13% |
| InterGlobe AviationTransport Services | 1.51% | 1.11% |
| Power Grid Corporation of IndiaPower | 0.79% | 1.49% |
| Titan CompanyConsumer Durables | 0.14% | 1.88% |
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.