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12 of 91 unique stocks in common · Jaccard: 13.2%
A weighted portfolio overlap of 29.85% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.85 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.59% in ICICI Prudential Housing Opportunities Fund and 10.53% in SBI Nifty 50 ETF. 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 SBI |
|---|---|---|
| HDFC BankBanks | 6.59% | 10.53% |
| ICICI BankBanks | 5.97% | 8.30% |
| Larsen & ToubroConstruction | 7.56% | 4.43% |
| State Bank of IndiaBanks | 2.36% | 3.70% |
| NTPCPower | 7.96% | 1.70% |
| Axis BankBanks | 1.69% | 3.41% |
| Tata SteelFerrous Metals | 4.90% | 1.59% |
| Ultratech CementCement & Cement Products | 4.48% | 1.26% |
| Asian PaintsConsumer Durables | 5.84% | 1.12% |
| JSW SteelFerrous Metals | 1.89% | 1.11% |
| Grasim IndustriesCement & Cement Products | 1.58% | 1.10% |
| Kotak Mahindra BankBanks | 0.93% | 2.62% |
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.