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22 of 136 unique stocks in common · Jaccard: 16.2%
A weighted portfolio overlap of 26.5% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.5 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 ICICI Bank, which commands a weight of 4.61% in ICICI Prudential Innovation Fund and 5.11% in Mirae Asset Flexi Cap 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 Mirae |
|---|---|---|
| ICICI BankBanks | 4.61% | 5.11% |
| Axis BankBanks | 3.06% | 2.13% |
| Bharti AirtelTelecom - Services | 2.02% | 2.33% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.40% | 1.54% |
| Larsen & ToubroConstruction | 1.34% | 2.27% |
| Mankind PharmaPharmaceuticals & Biotechnology | 1.96% | 1.28% |
| Cummins IndiaIndustrial Products | 1.26% | 1.47% |
| Multi Commodity Exchange of IndiaCapital Markets | 1.19% | 1.48% |
| TVS Motor CompanyAutomobiles | 2.63% | 1.12% |
| NTPCPower | 2.07% | 1.09% |
| Hindustan AeronauticsAerospace & Defense | 1.83% | 1.03% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 2.26% | 0.99% |
| Maruti Suzuki IndiaAutomobiles | 4.61% | 0.97% |
| EternalRetailing | 2.54% | 0.96% |
| LG Electronics IndiaConsumer Durables | 1.63% | 0.96% |
| Capillary Technologies IndiaIT - Software | 1.09% | 0.85% |
| Oil & Natural Gas CorporationOil | 0.88% | 0.75% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.67% | 0.63% |
| Tata Motors Passenger VehiclesAutomobiles | 2.18% | 0.55% |
| Safari Industries (India)Consumer Durables | 0.62% | 0.48% |
| Pine LabsFinancial Technology (Fintech) | 1.11% | 0.47% |
| CG Power and Industrial SolutionsElectrical Equipment | 0.42% | 1.71% |
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.