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12 of 209 unique stocks in common · Jaccard: 5.7%
A weighted portfolio overlap of 4.73% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹4.73 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is Cummins India, which commands a weight of 0.91% in ICICI Prudential Large Cap Fund and 1.55% in Nippon India Nifty Midcap 150 Index Fund. Holding both schemes increases your concentration in Cummins India 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 |
|---|---|---|
| Cummins IndiaIndustrial Products | 0.91% | 1.55% |
| HDFC Asset Management CompanyCapital Markets | 0.69% | 1.36% |
| Page IndustriesTextiles & Apparels | 0.62% | 0.75% |
| Max Healthcare InstituteHealthcare Services | 0.59% | 2.17% |
| Procter & Gamble Hygiene and Health CarePersonal Products | 0.64% | 0.53% |
| United BreweriesBeverages | 0.30% | 0.53% |
| NHPCPower | 0.27% | 1.05% |
| Container Corporation of IndiaTransport Services | 0.24% | 0.98% |
| Supreme IndustriesIndustrial Products | 0.21% | 1.15% |
| LupinPharmaceuticals & Biotechnology | 0.19% | 1.39% |
| Oil IndiaOil | 0.15% | 0.78% |
| The Indian Hotels CompanyLeisure Services | 0.04% | 1.75% |
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.