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8 of 102 unique stocks in common · Jaccard: 7.8%
A weighted portfolio overlap of 26.95% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.95 is allocated to the exact same companies at the same relative proportions. The schemes share 8 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 9.13% in quant ELSS Tax Saver 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 quant |
|---|---|---|
| ICICI BankBanks | 8.72% | 9.13% |
| Reliance IndustriesPetroleum Products | 5.41% | 8.80% |
| Larsen & ToubroConstruction | 5.38% | 7.34% |
| Bharti AirtelTelecom - Services | 4.34% | 3.86% |
| DLFRealty | 1.32% | 2.13% |
| HDFC Life Insurance CompanyInsurance | 1.16% | 3.67% |
| Tata Power CompanyPower | 0.60% | 4.74% |
| Tech MahindraIT - Software | 0.50% | 4.66% |
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.