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15 of 86 unique stocks in common · Jaccard: 17.4%
A weighted portfolio overlap of 23.57% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.57 is allocated to the exact same companies at the same relative proportions. The schemes share 15 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 15.51% in Nippon India Nifty 50 Value 20 Index 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% | 15.51% |
| InfosysIT - Software | 3.60% | 13.72% |
| NTPCPower | 2.38% | 4.67% |
| Hero MotoCorpAutomobiles | 1.59% | 1.60% |
| Oil & Natural Gas CorporationOil | 1.25% | 2.99% |
| Power Grid Corporation of IndiaPower | 1.08% | 3.72% |
| State Bank of IndiaBanks | 1.02% | 8.58% |
| ITCDiversified FMCG | 0.94% | 10.45% |
| Britannia IndustriesFood Products | 0.91% | 1.53% |
| Tech MahindraIT - Software | 0.50% | 2.17% |
| HCL TechnologiesIT - Software | 0.47% | 3.91% |
| Tata SteelFerrous Metals | 0.43% | 3.68% |
| Grasim IndustriesCement & Cement Products | 0.35% | 2.41% |
| WiproIT - Software | 0.17% | 1.77% |
| Bajaj AutoAutomobiles | 0.17% | 2.73% |
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.