Loading fund overlap…
20 of 105 unique stocks in common · Jaccard: 19%
A weighted portfolio overlap of 26.39% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.39 is allocated to the exact same companies at the same relative proportions. The schemes share 20 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 6.95% in NJ Arbitrage 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 NJ |
|---|---|---|
| HDFC BankBanks | 8.46% | 6.95% |
| Reliance IndustriesPetroleum Products | 5.41% | 7.73% |
| Bharti AirtelTelecom - Services | 4.34% | 2.90% |
| Axis BankBanks | 4.67% | 2.13% |
| Hindustan AeronauticsAerospace & Defense | 1.11% | 1.78% |
| ICICI BankBanks | 8.72% | 1.09% |
| State Bank of IndiaBanks | 1.02% | 3.77% |
| United SpiritsBeverages | 0.97% | 4.28% |
| Larsen & ToubroConstruction | 5.38% | 0.80% |
| TrentRetailing | 0.68% | 0.67% |
| Hindustan UnileverDiversified FMCG | 0.83% | 0.62% |
| Tata Power CompanyPower | 0.60% | 2.64% |
| Titan CompanyConsumer Durables | 0.43% | 1.32% |
| DLFRealty | 1.32% | 0.38% |
| Tata Motors Passenger VehiclesAutomobiles | 0.36% | 1.93% |
| CiplaPharmaceuticals & Biotechnology | 0.33% | 0.35% |
| Grasim IndustriesCement & Cement Products | 0.35% | 0.23% |
| HDFC Life Insurance CompanyInsurance | 1.16% | 0.16% |
| Bajaj FinservFinance | 0.20% | 0.14% |
| ITCDiversified FMCG | 0.94% | 0.10% |
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.