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19 of 139 unique stocks in common · Jaccard: 13.7%
A weighted portfolio overlap of 33.52% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.52 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.19% in ICICI Prudential Exports and Services Fund and 6.53% in Nippon India Flexi Cap Fund. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 5.19% | 6.53% |
| ICICI BankBanks | 5.73% | 4.67% |
| Larsen & ToubroConstruction | 3.91% | 3.68% |
| Reliance IndustriesPetroleum Products | 3.80% | 3.41% |
| InfosysIT - Software | 7.11% | 3.28% |
| NTPCPower | 3.22% | 2.30% |
| State Bank of IndiaBanks | 2.21% | 1.85% |
| Axis BankBanks | 1.65% | 3.32% |
| SBI Life Insurance CompanyInsurance | 1.37% | 1.77% |
| Tech MahindraIT - Software | 1.37% | 1.13% |
| Bharti AirtelTelecom - Services | 2.08% | 1.07% |
| TrentRetailing | 0.94% | 1.53% |
| Mahindra & MahindraAutomobiles | 0.69% | 1.67% |
| Container Corporation of IndiaTransport Services | 0.84% | 0.68% |
| InterGlobe AviationTransport Services | 1.87% | 0.57% |
| Zensar TechnologiesIT - Software | 0.45% | 0.89% |
| HDFC Asset Management CompanyCapital Markets | 0.78% | 0.34% |
| Kirloskar Oil EnginesIndustrial Products | 0.21% | 0.97% |
| Harsha Engineers InternationalIndustrial Products | 0.04% | 0.57% |
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.