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26 of 60 unique stocks in common · Jaccard: 43.3%
A weighted portfolio overlap of 56.66% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹56.66 is allocated to the exact same companies at the same relative proportions. The schemes share 26 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 8.25% in SBI Nifty 50 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% | 8.25% |
| HDFC BankBanks | 7.00% | 10.53% |
| ICICI BankBanks | 4.72% | 8.30% |
| InfosysIT - Software | 5.56% | 3.76% |
| State Bank of IndiaBanks | 6.59% | 3.70% |
| Axis BankBanks | 4.67% | 3.41% |
| Larsen & ToubroConstruction | 3.14% | 4.43% |
| Kotak Mahindra BankBanks | 5.32% | 2.62% |
| ITCDiversified FMCG | 3.53% | 2.56% |
| Tata Consultancy ServicesIT - Software | 2.67% | 2.13% |
| Hindustan UnileverDiversified FMCG | 2.21% | 1.77% |
| NTPCPower | 1.98% | 1.70% |
| Ultratech CementCement & Cement Products | 2.36% | 1.26% |
| Bharti AirtelTelecom - Services | 1.25% | 5.19% |
| HCL TechnologiesIT - Software | 2.18% | 1.15% |
| Grasim IndustriesCement & Cement Products | 4.35% | 1.10% |
| Bajaj AutoAutomobiles | 3.58% | 1.07% |
| Bajaj FinservFinance | 4.47% | 0.95% |
| InterGlobe AviationTransport Services | 1.51% | 0.92% |
| Power Grid Corporation of IndiaPower | 0.79% | 1.22% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.25% | 0.78% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 1.78% | 0.73% |
| Oil & Natural Gas CorporationOil | 0.68% | 0.95% |
| HDFC Life Insurance CompanyInsurance | 2.15% | 0.59% |
| CiplaPharmaceuticals & Biotechnology | 0.48% | 0.73% |
| Titan CompanyConsumer Durables | 0.14% | 1.55% |
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.