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18 of 135 unique stocks in common · Jaccard: 13.3%
A weighted portfolio overlap of 23.06% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.06 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 6.37% in ICICI Prudential Flexicap Fund and 5.47% in Nippon India Value 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 | 6.37% | 5.47% |
| HDFC BankBanks | 3.72% | 5.94% |
| InfosysIT - Software | 2.82% | 3.21% |
| Larsen & ToubroConstruction | 2.35% | 3.24% |
| State Bank of IndiaBanks | 2.04% | 1.84% |
| Bharti AirtelTelecom - Services | 1.35% | 2.84% |
| SBI Life Insurance CompanyInsurance | 1.37% | 1.15% |
| Jindal SteelFerrous Metals | 0.78% | 1.78% |
| Axis BankBanks | 2.51% | 0.64% |
| Maruti Suzuki IndiaAutomobiles | 6.74% | 0.51% |
| Max Financial ServicesInsurance | 0.47% | 2.13% |
| Tech MahindraIT - Software | 0.42% | 0.82% |
| Mahindra & MahindraAutomobiles | 0.40% | 1.65% |
| Kaynes Technology IndiaIndustrial Manufacturing | 0.33% | 0.40% |
| Greenpanel IndustriesConsumer Durables | 0.38% | 0.27% |
| Azad EngineeringElectrical Equipment | 1.96% | 0.25% |
| Syngene InternationalHealthcare Services | 0.17% | 0.28% |
| VedantaDiversified Metals | 0.12% | 0.95% |
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.