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24 of 116 unique stocks in common · Jaccard: 20.7%
A weighted portfolio overlap of 42.3% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.3 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 7.55% in Nippon India ELSS Tax Saver 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 Nippon |
|---|---|---|
| ICICI BankBanks | 8.72% | 7.55% |
| HDFC BankBanks | 8.46% | 6.11% |
| Axis BankBanks | 4.67% | 3.79% |
| InfosysIT - Software | 3.60% | 3.90% |
| Reliance IndustriesPetroleum Products | 5.41% | 3.14% |
| Larsen & ToubroConstruction | 5.38% | 2.83% |
| NTPCPower | 2.38% | 3.79% |
| InterGlobe AviationTransport Services | 1.83% | 1.60% |
| Ultratech CementCement & Cement Products | 2.69% | 1.44% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.65% | 1.36% |
| SBI Life Insurance CompanyInsurance | 1.09% | 1.40% |
| State Bank of IndiaBanks | 1.02% | 3.49% |
| United SpiritsBeverages | 0.97% | 1.34% |
| ITCDiversified FMCG | 0.94% | 1.63% |
| Avenue SupermartsRetailing | 0.92% | 1.78% |
| Hero MotoCorpAutomobiles | 1.59% | 0.91% |
| Tata Power CompanyPower | 0.60% | 1.59% |
| EternalRetailing | 0.54% | 1.35% |
| ICICI Lombard General Insurance CompanyInsurance | 0.40% | 1.72% |
| Tata Motors Passenger VehiclesAutomobiles | 0.36% | 1.96% |
| Oil & Natural Gas CorporationOil | 1.25% | 0.34% |
| United BreweriesBeverages | 0.30% | 1.09% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.08% | 0.50% |
| The Indian Hotels CompanyLeisure Services | 0.04% | 1.93% |
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.