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12 of 109 unique stocks in common · Jaccard: 11%
A weighted portfolio overlap of 32.54% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.54 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 6.73% in ICICI Prudential India Opportunities Fund and 7.65% in SBI ESG Exclusionary Strategy 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 SBI |
|---|---|---|
| HDFC BankBanks | 6.73% | 7.65% |
| ICICI BankBanks | 5.33% | 8.11% |
| Axis BankBanks | 4.88% | 5.06% |
| InfosysIT - Software | 6.00% | 4.66% |
| Larsen & ToubroConstruction | 3.24% | 4.82% |
| Reliance IndustriesPetroleum Products | 3.57% | 2.53% |
| State Bank of IndiaBanks | 1.63% | 3.67% |
| Britannia IndustriesFood Products | 1.81% | 1.34% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.74% | 1.30% |
| Sona BLW Precision ForgingsAuto Components | 0.58% | 1.32% |
| Ultratech CementCement & Cement Products | 0.56% | 3.30% |
| Maruti Suzuki IndiaAutomobiles | 0.32% | 3.85% |
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.