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21 of 95 unique stocks in common · Jaccard: 22.1%
A weighted portfolio overlap of 36.89% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹36.89 is allocated to the exact same companies at the same relative proportions. The schemes share 21 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 7.48% in Nippon India Quant 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% | 7.48% |
| ICICI BankBanks | 8.72% | 7.19% |
| Larsen & ToubroConstruction | 5.38% | 4.62% |
| Reliance IndustriesPetroleum Products | 5.41% | 4.10% |
| NTPCPower | 2.38% | 3.46% |
| InfosysIT - Software | 3.60% | 1.80% |
| DLFRealty | 1.32% | 2.12% |
| Oil & Natural Gas CorporationOil | 1.25% | 1.80% |
| Hindustan AeronauticsAerospace & Defense | 1.11% | 3.75% |
| State Bank of IndiaBanks | 1.02% | 3.15% |
| ITCDiversified FMCG | 0.94% | 3.63% |
| Cummins IndiaIndustrial Products | 0.91% | 2.23% |
| Procter & Gamble Hygiene and Health CarePersonal Products | 0.64% | 1.79% |
| EternalRetailing | 0.54% | 2.15% |
| TVS Motor CompanyAutomobiles | 0.49% | 1.63% |
| Tata Motors Passenger VehiclesAutomobiles | 0.36% | 4.16% |
| United BreweriesBeverages | 0.30% | 2.14% |
| LupinPharmaceuticals & Biotechnology | 0.19% | 2.22% |
| Bajaj AutoAutomobiles | 0.17% | 3.27% |
| GAIL (India)Gas | 0.07% | 2.16% |
| Indian Oil CorporationPetroleum Products | 0.02% | 1.74% |
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.