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26 of 159 unique stocks in common · Jaccard: 16.4%
A weighted portfolio overlap of 30.44% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.44 is allocated to the exact same companies at the same relative proportions. The schemes share 26 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 6.08% in Nippon India Multi Cap 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% | 6.08% |
| ICICI BankBanks | 8.72% | 3.66% |
| Axis BankBanks | 4.67% | 3.17% |
| Reliance IndustriesPetroleum Products | 5.41% | 2.79% |
| Larsen & ToubroConstruction | 5.38% | 2.24% |
| NTPCPower | 2.38% | 2.20% |
| InfosysIT - Software | 3.60% | 1.02% |
| State Bank of IndiaBanks | 1.02% | 2.49% |
| ITCDiversified FMCG | 0.94% | 1.92% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.65% | 0.76% |
| HDFC Asset Management CompanyCapital Markets | 0.69% | 2.17% |
| TrentRetailing | 0.68% | 1.01% |
| Tata Power CompanyPower | 0.60% | 2.25% |
| SiemensElectrical Equipment | 0.77% | 0.58% |
| Mahindra & MahindraAutomobiles | 2.34% | 0.57% |
| EternalRetailing | 0.54% | 1.33% |
| HCL TechnologiesIT - Software | 0.47% | 1.16% |
| Zydus LifesciencesPharmaceuticals & Biotechnology | 0.40% | 0.49% |
| HDFC Life Insurance CompanyInsurance | 1.16% | 0.38% |
| ABB IndiaElectrical Equipment | 0.36% | 0.59% |
| Tata Motors Passenger VehiclesAutomobiles | 0.36% | 0.76% |
| Tata SteelFerrous Metals | 0.43% | 0.24% |
| Container Corporation of IndiaTransport Services | 0.24% | 0.60% |
| Page IndustriesTextiles & Apparels | 0.62% | 0.23% |
| LupinPharmaceuticals & Biotechnology | 0.19% | 0.49% |
| The Indian Hotels CompanyLeisure Services | 0.04% | 1.99% |
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.