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14 of 65 unique stocks in common · Jaccard: 21.5%
A weighted portfolio overlap of 26.12% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.12 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.72% in ICICI Prudential Equity Minimum Variance Fund and 4.04% in SBI Equity Hybrid Fund. Holding both schemes increases your concentration in ICICI 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 SBI |
|---|---|---|
| ICICI BankBanks | 4.72% | 4.04% |
| State Bank of IndiaBanks | 6.59% | 3.79% |
| Kotak Mahindra BankBanks | 5.32% | 3.20% |
| Larsen & ToubroConstruction | 3.14% | 2.50% |
| HDFC BankBanks | 7.00% | 2.39% |
| Reliance IndustriesPetroleum Products | 9.53% | 2.36% |
| InfosysIT - Software | 5.56% | 1.65% |
| InterGlobe AviationTransport Services | 1.51% | 2.25% |
| Bharti AirtelTelecom - Services | 1.25% | 3.27% |
| Tata Consultancy ServicesIT - Software | 2.67% | 1.08% |
| NTPCPower | 1.98% | 0.88% |
| ITCDiversified FMCG | 3.53% | 0.79% |
| Avenue SupermartsRetailing | 0.49% | 1.59% |
| DLFRealty | 0.20% | 0.91% |
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.