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18 of 320 unique stocks in common · Jaccard: 5.6%
A weighted portfolio overlap of 8.2% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.2 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 7.86% in ICICI Prudential Large Cap Fund and 1.71% in Nippon India Small 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 | 7.86% | 1.71% |
| State Bank of IndiaBanks | 1.41% | 1.28% |
| Axis BankBanks | 4.08% | 0.94% |
| Hindustan UnileverDiversified FMCG | 0.85% | 0.69% |
| HDFC Life Insurance CompanyInsurance | 1.07% | 0.56% |
| Hindustan AeronauticsAerospace & Defense | 1.05% | 0.50% |
| United SpiritsBeverages | 0.88% | 0.47% |
| Kotak Mahindra BankBanks | 2.47% | 0.43% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 0.69% | 0.37% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.24% | 0.24% |
| DLFRealty | 1.32% | 0.19% |
| Tata Power CompanyPower | 0.19% | 0.32% |
| SwiggyRetailing | 0.49% | 0.15% |
| Asian PaintsConsumer Durables | 1.55% | 0.14% |
| Bharat ElectronicsAerospace & Defense | 0.13% | 0.31% |
| ICICI Prudential Life Insurance CompanyInsurance | 1.05% | 0.12% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.06% | 0.31% |
| The Indian Hotels CompanyLeisure Services | 0.04% | 0.36% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.