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12 of 118 unique stocks in common · Jaccard: 10.2%
A weighted portfolio overlap of 17.55% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.55 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 Infosys, which commands a weight of 6.00% in ICICI Prudential India Opportunities Fund and 9.02% in Nippon India ETF Nifty Dividend Opportunities 50. Holding both schemes increases your concentration in Infosys 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 |
|---|---|---|
| InfosysIT - Software | 6.00% | 9.02% |
| NTPCPower | 2.03% | 4.43% |
| Hindustan UnileverDiversified FMCG | 2.01% | 5.12% |
| Tata Consultancy ServicesIT - Software | 1.74% | 9.36% |
| State Bank of IndiaBanks | 1.63% | 8.15% |
| Britannia IndustriesFood Products | 1.81% | 1.45% |
| Oil & Natural Gas CorporationOil | 0.93% | 2.83% |
| Oil IndiaOil | 0.71% | 0.57% |
| LIC Housing FinanceFinance | 0.37% | 0.52% |
| MphasisIT - Software | 0.35% | 0.49% |
| VedantaDiversified Metals | 0.31% | 1.37% |
| CyientIT - Services | 0.17% | 0.39% |
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.