Loading fund overlap…
7 of 99 unique stocks in common · Jaccard: 7.1%
A weighted portfolio overlap of 6.48% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.48 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 1.65% in ICICI Prudential Exports and Services Fund and 1.33% in SBI Conservative Hybrid Fund. Holding both schemes increases your concentration in Axis 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 |
|---|---|---|
| Axis BankBanks | 1.65% | 1.33% |
| Reliance IndustriesPetroleum Products | 3.80% | 1.24% |
| Bajaj FinservFinance | 1.66% | 1.18% |
| HDFC Life Insurance CompanyInsurance | 1.10% | 1.00% |
| Avanti FeedsFood Products | 0.84% | 0.91% |
| HDFC BankBanks | 5.19% | 0.84% |
| Carborundum UniversalIndustrial Products | 0.05% | 0.49% |
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.