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22 of 129 unique stocks in common · Jaccard: 17.1%
A weighted portfolio overlap of 10.62% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹10.62 is allocated to the exact same companies at the same relative proportions. The schemes share 22 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 2.91% in ICICI Prudential Equity Savings Fund and 1.59% in SBI Multi Asset Allocation 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 | 2.91% | 1.59% |
| Kotak Mahindra BankBanks | 3.42% | 1.41% |
| Reliance IndustriesPetroleum Products | 5.45% | 1.24% |
| HDFC BankBanks | 8.24% | 1.08% |
| Bajaj FinservFinance | 1.65% | 1.06% |
| Oil & Natural Gas CorporationOil | 0.65% | 1.67% |
| ITCDiversified FMCG | 2.68% | 0.60% |
| Axis BankBanks | 1.54% | 0.56% |
| Indus TowersTelecom - Services | 0.31% | 1.98% |
| State Bank of IndiaBanks | 0.29% | 0.50% |
| InfosysIT - Software | 1.62% | 0.22% |
| Tata SteelFerrous Metals | 1.64% | 0.22% |
| GAIL (India)Gas | 0.19% | 2.10% |
| Punjab National BankBanks | 0.18% | 1.22% |
| Bank of BarodaBanks | 0.18% | 0.57% |
| BioconPharmaceuticals & Biotechnology | 0.17% | 1.86% |
| Bharti AirtelTelecom - Services | 1.89% | 0.16% |
| UPLFertilizers & Agrochemicals | 0.15% | 1.15% |
| Dabur IndiaPersonal Products | 0.15% | 0.58% |
| Indian Oil CorporationPetroleum Products | 0.13% | 0.77% |
| Samvardhana Motherson InternationalAuto Components | 0.05% | 0.96% |
| United SpiritsBeverages | 0.02% | 0.12% |
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.