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10 of 110 unique stocks in common · Jaccard: 9.1%
A weighted portfolio overlap of 15.46% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.46 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is Larsen & Toubro, which commands a weight of 7.35% in ICICI Prudential Infrastructure Fund and 3.18% in Tata ELSS Fund. Holding both schemes increases your concentration in Larsen & Toubro 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 |
|---|---|---|
| Larsen & ToubroConstruction | 7.35% | 3.18% |
| HDFC BankBanks | 2.99% | 5.52% |
| NTPCPower | 4.00% | 2.96% |
| Reliance IndustriesPetroleum Products | 2.26% | 3.95% |
| IndusInd BankBanks | 1.97% | 1.13% |
| Ambuja CementsCement & Cement Products | 1.04% | 0.88% |
| InterGlobe AviationTransport Services | 8.92% | 0.83% |
| Brigade EnterprisesRealty | 2.49% | 0.76% |
| VedantaDiversified Metals | 0.40% | 0.64% |
| Psp ProjectsConstruction | 0.50% | 0.07% |
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.