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9 of 75 unique stocks in common · Jaccard: 12%
A weighted portfolio overlap of 11.46% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.46 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Hindustan Unilever, which commands a weight of 4.16% in ICICI Prudential Equity Minimum Variance Fund and 2.90% in Tata Ethical Fund. Holding both schemes increases your concentration in Hindustan Unilever 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 Tata |
|---|---|---|
| Hindustan UnileverDiversified FMCG | 4.16% | 2.90% |
| Ultratech CementCement & Cement Products | 2.36% | 2.44% |
| Asian PaintsConsumer Durables | 4.17% | 1.18% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 1.17% | 2.96% |
| Godrej Consumer ProductsPersonal Products | 1.74% | 0.90% |
| InfosysIT - Software | 0.85% | 7.25% |
| Britannia IndustriesFood Products | 0.79% | 2.04% |
| Tata Consumer ProductsAgricultural Food & Other Products | 2.12% | 0.70% |
| Tata Consultancy ServicesIT - Software | 0.62% | 5.76% |
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.