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10 of 99 unique stocks in common · Jaccard: 10.1%
A weighted portfolio overlap of 34.58% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹34.58 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 8.46% in ICICI Prudential Large Cap Fund and 9.41% in Nippon India Focused Equity Fund. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 8.46% | 9.41% |
| ICICI BankBanks | 8.72% | 8.03% |
| Axis BankBanks | 4.67% | 7.36% |
| Reliance IndustriesPetroleum Products | 5.41% | 4.62% |
| InfosysIT - Software | 3.60% | 5.11% |
| Hero MotoCorpAutomobiles | 1.59% | 3.50% |
| HDFC Life Insurance CompanyInsurance | 1.16% | 2.24% |
| State Bank of IndiaBanks | 1.02% | 2.60% |
| ITCDiversified FMCG | 0.94% | 5.84% |
| Tech MahindraIT - Software | 0.50% | 2.06% |
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.