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28 of 129 unique stocks in common · Jaccard: 21.7%
A weighted portfolio overlap of 37.9% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.9 is allocated to the exact same companies at the same relative proportions. The schemes share 28 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 8.94% in SBI 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 SBI |
|---|---|---|
| ICICI BankBanks | 8.72% | 8.94% |
| Reliance IndustriesPetroleum Products | 5.41% | 4.81% |
| Larsen & ToubroConstruction | 5.38% | 2.99% |
| HDFC BankBanks | 8.46% | 2.91% |
| Axis BankBanks | 4.67% | 1.86% |
| Bharti AirtelTelecom - Services | 4.34% | 1.81% |
| Asian PaintsConsumer Durables | 2.02% | 1.37% |
| Oil & Natural Gas CorporationOil | 1.25% | 1.89% |
| Kotak Mahindra BankBanks | 1.21% | 5.93% |
| HDFC Life Insurance CompanyInsurance | 1.16% | 1.96% |
| ICICI Prudential Life Insurance CompanyInsurance | 1.08% | 1.12% |
| State Bank of IndiaBanks | 1.02% | 3.62% |
| InfosysIT - Software | 3.60% | 1.00% |
| Mahindra & MahindraAutomobiles | 2.34% | 0.80% |
| Britannia IndustriesFood Products | 0.91% | 0.79% |
| Cummins IndiaIndustrial Products | 0.91% | 0.73% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.68% | 0.98% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.65% | 0.55% |
| Shree CementCement & Cement Products | 0.77% | 0.53% |
| Tech MahindraIT - Software | 0.50% | 1.81% |
| Tata SteelFerrous Metals | 0.43% | 4.12% |
| HDFC Asset Management CompanyCapital Markets | 0.69% | 0.43% |
| Godrej Consumer ProductsPersonal Products | 0.33% | 0.67% |
| CiplaPharmaceuticals & Biotechnology | 0.33% | 2.15% |
| United BreweriesBeverages | 0.30% | 0.52% |
| LupinPharmaceuticals & Biotechnology | 0.19% | 1.97% |
| Hexaware TechnologiesIT - Software | 0.07% | 0.89% |
| GAIL (India)Gas | 0.07% | 1.41% |
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.