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17 of 113 unique stocks in common · Jaccard: 15%
A weighted portfolio overlap of 35.15% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.15 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 5.73% in ICICI Prudential Exports and Services Fund and 5.70% in Tata ELSS 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 Tata |
|---|---|---|
| ICICI BankBanks | 5.73% | 5.70% |
| HDFC BankBanks | 5.19% | 5.52% |
| Reliance IndustriesPetroleum Products | 3.80% | 3.95% |
| Larsen & ToubroConstruction | 3.91% | 3.18% |
| NTPCPower | 3.22% | 2.96% |
| State Bank of IndiaBanks | 2.21% | 4.36% |
| InfosysIT - Software | 7.11% | 2.10% |
| Bharti AirtelTelecom - Services | 2.08% | 5.78% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.81% | 1.89% |
| Rainbow Childrens MedicareHealthcare Services | 1.52% | 1.64% |
| SBI Life Insurance CompanyInsurance | 1.37% | 1.22% |
| HCL TechnologiesIT - Software | 1.44% | 1.11% |
| InterGlobe AviationTransport Services | 1.87% | 0.83% |
| EternalRetailing | 0.62% | 1.13% |
| Bajaj FinanceFinance | 0.49% | 1.57% |
| VedantaDiversified Metals | 0.20% | 0.64% |
| Laxmi DentalHealthcare Equipment & Supplies | 0.54% | 0.14% |
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.