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22 of 205 unique stocks in common · Jaccard: 10.7%
A weighted portfolio overlap of 13.01% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.01 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 Hindustan Aeronautics, which commands a weight of 1.83% in ICICI Prudential Innovation Fund and 1.61% in ICICI Prudential Multicap Fund. Holding both schemes increases your concentration in Hindustan Aeronautics 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 Prudential Innovation | in ICICI Prudential Multicap |
|---|---|---|
| Hindustan AeronauticsAerospace & Defense | 1.83% | 1.61% |
| Multi Commodity Exchange of IndiaCapital Markets | 1.19% | 2.01% |
| GE Vernova T&D IndiaElectrical Equipment | 1.20% | 1.18% |
| KEI IndustriesIndustrial Products | 1.13% | 1.29% |
| Blue StarConsumer Durables | 1.70% | 1.01% |
| Cummins IndiaIndustrial Products | 1.26% | 0.92% |
| TVS Motor CompanyAutomobiles | 2.63% | 0.87% |
| 360 One WamCapital Markets | 2.65% | 0.67% |
| Larsen & ToubroConstruction | 1.34% | 0.64% |
| Triveni TurbineElectrical Equipment | 0.60% | 0.71% |
| Bharti HexacomTelecom - Services | 1.83% | 0.55% |
| CG Power and Industrial SolutionsElectrical Equipment | 0.42% | 1.68% |
| AIA EngineeringIndustrial Products | 0.39% | 0.80% |
| Thyrocare TechnologiesHealthcare Services | 1.16% | 0.38% |
| Bharti AirtelTelecom - Services | 2.02% | 0.36% |
| Tata Motors Passenger VehiclesAutomobiles | 2.18% | 0.27% |
| Supreme IndustriesIndustrial Products | 1.19% | 0.24% |
| AequsAerospace & Defense | 0.51% | 0.15% |
| UNO MindaAuto Components | 0.44% | 0.15% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 1.95% | 0.14% |
| Astrazeneca Pharma IndiaPharmaceuticals & Biotechnology | 0.46% | 0.13% |
| Clean Max Enviro Energy SolutionsPower | 0.14% | 0.01% |
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.