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18 of 93 unique stocks in common · Jaccard: 19.4%
A weighted portfolio overlap of 36.84% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹36.84 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 6.47% in Nippon India Large Cap 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 Nippon |
|---|---|---|
| ICICI BankBanks | 6.89% | 6.47% |
| HDFC BankBanks | 6.19% | 9.31% |
| Axis BankBanks | 4.87% | 4.46% |
| InfosysIT - Software | 2.71% | 3.32% |
| Maruti Suzuki IndiaAutomobiles | 4.03% | 2.17% |
| Chalet HotelsLeisure Services | 1.97% | 2.11% |
| Reliance IndustriesPetroleum Products | 1.93% | 7.30% |
| EternalRetailing | 2.67% | 1.71% |
| HCL TechnologiesIT - Software | 1.64% | 1.88% |
| State Bank of IndiaBanks | 1.52% | 6.04% |
| ICICI Lombard General Insurance CompanyInsurance | 1.13% | 1.11% |
| SBI Life Insurance CompanyInsurance | 2.57% | 1.10% |
| Hindustan UnileverDiversified FMCG | 1.01% | 1.40% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 7.36% | 0.89% |
| Bharti AirtelTelecom - Services | 3.75% | 0.73% |
| RECFinance | 1.72% | 0.49% |
| Tech MahindraIT - Software | 0.93% | 0.41% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.55% | 0.34% |
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.