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19 of 93 unique stocks in common · Jaccard: 20.4%
A weighted portfolio overlap of 19.36% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.36 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is Bharti Airtel, which commands a weight of 4.34% in ICICI Prudential Large Cap Fund and 9.02% in Nippon India Consumption Fund. Holding both schemes increases your concentration in Bharti Airtel 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 Nippon |
|---|---|---|
| Bharti AirtelTelecom - Services | 4.34% | 9.02% |
| Maruti Suzuki IndiaAutomobiles | 3.55% | 5.67% |
| Mahindra & MahindraAutomobiles | 2.34% | 4.20% |
| HDFC BankBanks | 8.46% | 1.33% |
| United SpiritsBeverages | 0.97% | 2.83% |
| ITCDiversified FMCG | 0.94% | 6.54% |
| Avenue SupermartsRetailing | 0.92% | 4.91% |
| Hindustan UnileverDiversified FMCG | 0.83% | 5.22% |
| TrentRetailing | 0.68% | 3.15% |
| Eicher MotorsAutomobiles | 0.62% | 3.59% |
| Page IndustriesTextiles & Apparels | 0.62% | 2.76% |
| EternalRetailing | 0.54% | 2.74% |
| TVS Motor CompanyAutomobiles | 0.49% | 1.67% |
| Godrej Consumer ProductsPersonal Products | 0.33% | 4.47% |
| United BreweriesBeverages | 0.30% | 4.32% |
| Havells IndiaConsumer Durables | 0.28% | 3.89% |
| Bajaj AutoAutomobiles | 0.17% | 3.88% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.08% | 1.24% |
| The Indian Hotels CompanyLeisure Services | 0.04% | 0.97% |
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.