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22 of 136 unique stocks in common · Jaccard: 16.2%
A weighted portfolio overlap of 32.35% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.35 is allocated to the exact same companies at the same relative proportions. The schemes share 22 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.73% in ICICI Prudential India Opportunities Fund and 5.25% in Nippon India Vision Fund. 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 Nippon |
|---|---|---|
| HDFC BankBanks | 6.73% | 5.25% |
| ICICI BankBanks | 5.33% | 4.54% |
| Reliance IndustriesPetroleum Products | 3.57% | 4.27% |
| Larsen & ToubroConstruction | 3.24% | 2.38% |
| NTPCPower | 2.03% | 2.40% |
| State Bank of IndiaBanks | 1.63% | 1.96% |
| Axis BankBanks | 4.88% | 1.52% |
| Tata Consultancy ServicesIT - Software | 1.74% | 1.50% |
| Bharti AirtelTelecom - Services | 3.06% | 1.46% |
| Gland PharmaPharmaceuticals & Biotechnology | 1.80% | 1.11% |
| ICICI Lombard General Insurance CompanyInsurance | 1.86% | 1.03% |
| InfosysIT - Software | 6.00% | 0.94% |
| SBI Life Insurance CompanyInsurance | 2.65% | 0.89% |
| Hindustan AeronauticsAerospace & Defense | 0.80% | 2.01% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 0.73% | 2.54% |
| InterGlobe AviationTransport Services | 1.57% | 0.62% |
| Avenue SupermartsRetailing | 0.58% | 1.34% |
| Gujarat GasGas | 0.58% | 0.60% |
| EternalRetailing | 0.50% | 0.97% |
| Maruti Suzuki IndiaAutomobiles | 0.32% | 1.41% |
| Oil & Natural Gas CorporationOil | 0.93% | 0.31% |
| Samvardhana Motherson InternationalAuto Components | 0.06% | 1.33% |
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.