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9 of 112 unique stocks in common · Jaccard: 8%
A weighted portfolio overlap of 4.78% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹4.78 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Hero MotoCorp, which commands a weight of 1.59% in ICICI Prudential Large Cap Fund and 1.49% in SBI Innovative Opportunities Fund. Holding both schemes increases your concentration in Hero MotoCorp 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 |
|---|---|---|
| Hero MotoCorpAutomobiles | 1.59% | 1.49% |
| HDFC Asset Management CompanyCapital Markets | 0.69% | 0.98% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.68% | 0.77% |
| EternalRetailing | 0.54% | 8.12% |
| Info Edge (India)Retailing | 0.51% | 2.42% |
| SwiggyRetailing | 0.42% | 2.61% |
| Bajaj FinservFinance | 0.20% | 2.35% |
| LupinPharmaceuticals & Biotechnology | 0.19% | 2.76% |
| Hexaware TechnologiesIT - Software | 0.07% | 1.55% |
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.