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23 of 133 unique stocks in common · Jaccard: 17.3%
A weighted portfolio overlap of 33.5% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.5 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 5.33% in ICICI Prudential India Opportunities Fund and 8.94% in SBI ELSS Tax Saver 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 SBI |
|---|---|---|
| ICICI BankBanks | 5.33% | 8.94% |
| Reliance IndustriesPetroleum Products | 3.57% | 4.81% |
| Larsen & ToubroConstruction | 3.24% | 2.99% |
| HDFC BankBanks | 6.73% | 2.91% |
| HDFC Life Insurance CompanyInsurance | 2.50% | 1.96% |
| Axis BankBanks | 4.88% | 1.86% |
| Bharti AirtelTelecom - Services | 3.06% | 1.81% |
| Tata Consultancy ServicesIT - Software | 1.74% | 2.08% |
| State Bank of IndiaBanks | 1.63% | 3.62% |
| Tata CommunicationsTelecom - Services | 1.23% | 1.53% |
| InfosysIT - Software | 6.00% | 1.00% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 2.19% | 0.98% |
| Oil & Natural Gas CorporationOil | 0.93% | 1.89% |
| Mahindra & MahindraAutomobiles | 2.43% | 0.80% |
| Britannia IndustriesFood Products | 1.81% | 0.79% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.74% | 1.12% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 0.73% | 0.69% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.68% | 0.55% |
| Shree CementCement & Cement Products | 0.61% | 0.53% |
| Gujarat GasGas | 0.58% | 0.47% |
| AIA EngineeringIndustrial Products | 0.43% | 2.16% |
| CiplaPharmaceuticals & Biotechnology | 0.41% | 2.15% |
| Chemplast SanmarChemicals & Petrochemicals | 0.16% | 0.26% |
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.