Loading fund overlap…
23 of 115 unique stocks in common · Jaccard: 20%
A weighted portfolio overlap of 42.18% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.18 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 HDFC Bank, which commands a weight of 6.73% in ICICI Prudential India Opportunities Fund and 5.75% in Tata Flexi Cap 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 Tata |
|---|---|---|
| HDFC BankBanks | 6.73% | 5.75% |
| ICICI BankBanks | 5.33% | 5.49% |
| Axis BankBanks | 4.88% | 3.63% |
| Reliance IndustriesPetroleum Products | 3.57% | 4.31% |
| Bharti AirtelTelecom - Services | 3.06% | 3.56% |
| Larsen & ToubroConstruction | 3.24% | 2.75% |
| NTPCPower | 2.03% | 2.61% |
| SBI Life Insurance CompanyInsurance | 2.65% | 1.94% |
| Britannia IndustriesFood Products | 1.81% | 1.76% |
| HDFC Life Insurance CompanyInsurance | 2.50% | 1.76% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.68% | 1.74% |
| InfosysIT - Software | 6.00% | 1.66% |
| Tata Consultancy ServicesIT - Software | 1.74% | 1.53% |
| SBI Cards and Payment ServicesFinance | 1.26% | 1.39% |
| Bajaj FinservFinance | 1.06% | 1.89% |
| PI IndustriesFertilizers & Agrochemicals | 1.50% | 0.84% |
| Oil IndiaOil | 0.71% | 0.75% |
| Sona BLW Precision ForgingsAuto Components | 0.58% | 1.80% |
| IndusInd BankBanks | 0.48% | 1.60% |
| MphasisIT - Software | 0.35% | 0.94% |
| Maruti Suzuki IndiaAutomobiles | 0.32% | 2.38% |
| Samvardhana Motherson InternationalAuto Components | 0.06% | 2.08% |
| Bajaj ElectricalsConsumer Durables | 0.01% | 0.98% |
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.