Loading fund overlap…
8 of 113 unique stocks in common · Jaccard: 7.1%
A weighted portfolio overlap of 21.03% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.03 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.89% in ICICI Prudential ESG Exclusionary Strategy Fund and 4.61% in ICICI Prudential Innovation 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 Prudential ESG | in ICICI Prudential Innovation |
|---|---|---|
| ICICI BankBanks | 6.89% | 4.61% |
| Maruti Suzuki IndiaAutomobiles | 4.03% | 4.61% |
| Axis BankBanks | 4.87% | 3.06% |
| TVS Motor CompanyAutomobiles | 5.33% | 2.63% |
| EternalRetailing | 2.67% | 2.54% |
| Bharti AirtelTelecom - Services | 3.75% | 2.02% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 7.36% | 1.67% |
| Astrazeneca Pharma IndiaPharmaceuticals & Biotechnology | 0.61% | 0.46% |
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.