Loading fund overlap…
16 of 160 unique stocks in common · Jaccard: 10%
A weighted portfolio overlap of 10.27% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹10.27 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is NTPC, which commands a weight of 2.38% in ICICI Prudential Large Cap Fund and 2.05% in Nippon India Growth Fund. Holding both schemes increases your concentration in NTPC 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 |
|---|---|---|
| NTPCPower | 2.38% | 2.05% |
| InterGlobe AviationTransport Services | 1.83% | 1.19% |
| Hindustan AeronauticsAerospace & Defense | 1.11% | 1.22% |
| Axis BankBanks | 4.67% | 0.91% |
| Cummins IndiaIndustrial Products | 0.91% | 1.59% |
| TrentRetailing | 0.68% | 1.81% |
| Page IndustriesTextiles & Apparels | 0.62% | 1.24% |
| Max Healthcare InstituteHealthcare Services | 0.59% | 1.82% |
| EternalRetailing | 0.54% | 1.77% |
| ICICI Lombard General Insurance CompanyInsurance | 0.40% | 0.49% |
| Hero MotoCorpAutomobiles | 1.59% | 0.31% |
| United BreweriesBeverages | 0.30% | 1.37% |
| Container Corporation of IndiaTransport Services | 0.24% | 1.61% |
| Supreme IndustriesIndustrial Products | 0.21% | 2.27% |
| LupinPharmaceuticals & Biotechnology | 0.19% | 1.23% |
| The Indian Hotels CompanyLeisure Services | 0.04% | 1.29% |
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.