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24 of 112 unique stocks in common · Jaccard: 21.4%
A weighted portfolio overlap of 40.31% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.31 is allocated to the exact same companies at the same relative proportions. The schemes share 24 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.72% in ICICI Prudential Large Cap Fund and 7.77% in Lic Mf ELSS Tax Saver. 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 Lic |
|---|---|---|
| ICICI BankBanks | 8.72% | 7.77% |
| HDFC BankBanks | 8.46% | 6.98% |
| Axis BankBanks | 4.67% | 4.51% |
| Larsen & ToubroConstruction | 5.38% | 2.88% |
| Reliance IndustriesPetroleum Products | 5.41% | 2.09% |
| Mahindra & MahindraAutomobiles | 2.34% | 2.03% |
| Maruti Suzuki IndiaAutomobiles | 3.55% | 1.92% |
| InfosysIT - Software | 3.60% | 1.76% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.65% | 1.27% |
| State Bank of IndiaBanks | 1.02% | 3.16% |
| ITCDiversified FMCG | 0.94% | 1.20% |
| Avenue SupermartsRetailing | 0.92% | 0.96% |
| Kotak Mahindra BankBanks | 1.21% | 0.85% |
| Hindustan UnileverDiversified FMCG | 0.83% | 1.36% |
| TrentRetailing | 0.68% | 1.89% |
| Ultratech CementCement & Cement Products | 2.69% | 0.68% |
| Procter & Gamble Hygiene and Health CarePersonal Products | 0.64% | 0.78% |
| Eicher MotorsAutomobiles | 0.62% | 2.48% |
| EternalRetailing | 0.54% | 1.57% |
| TVS Motor CompanyAutomobiles | 0.49% | 1.37% |
| Grasim IndustriesCement & Cement Products | 0.35% | 2.57% |
| Bharat Petroleum CorporationPetroleum Products | 0.60% | 0.27% |
| Bajaj FinservFinance | 0.20% | 1.52% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.08% | 1.04% |
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.