Loading fund overlap…
13 of 105 unique stocks in common · Jaccard: 12.4%
A weighted portfolio overlap of 21.48% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.48 is allocated to the exact same companies at the same relative proportions. The schemes share 13 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 8.30% in SBI Nifty 50 ETF. 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 SBI |
|---|---|---|
| ICICI BankBanks | 4.61% | 8.30% |
| Axis BankBanks | 3.06% | 3.41% |
| Bharti AirtelTelecom - Services | 2.02% | 5.19% |
| NTPCPower | 2.07% | 1.70% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.67% | 1.76% |
| EternalRetailing | 2.54% | 1.67% |
| Maruti Suzuki IndiaAutomobiles | 4.61% | 1.59% |
| Larsen & ToubroConstruction | 1.34% | 4.43% |
| Oil & Natural Gas CorporationOil | 0.88% | 0.95% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.41% | 0.78% |
| Tata Motors Passenger VehiclesAutomobiles | 2.18% | 0.76% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 2.26% | 0.73% |
| Max Healthcare InstituteHealthcare Services | 1.45% | 0.66% |
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.