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21 of 121 unique stocks in common · Jaccard: 17.4%
A weighted portfolio overlap of 37.62% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.62 is allocated to the exact same companies at the same relative proportions. The schemes share 21 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 5.70% in Tata ELSS 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 Tata |
|---|---|---|
| ICICI BankBanks | 8.72% | 5.70% |
| HDFC BankBanks | 8.46% | 5.52% |
| Bharti AirtelTelecom - Services | 4.34% | 5.78% |
| Reliance IndustriesPetroleum Products | 5.41% | 3.95% |
| Larsen & ToubroConstruction | 5.38% | 3.18% |
| NTPCPower | 2.38% | 2.96% |
| InfosysIT - Software | 3.60% | 2.10% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.65% | 1.89% |
| Ultratech CementCement & Cement Products | 2.69% | 1.78% |
| SBI Life Insurance CompanyInsurance | 1.09% | 1.22% |
| State Bank of IndiaBanks | 1.02% | 4.36% |
| Cummins IndiaIndustrial Products | 0.91% | 3.00% |
| InterGlobe AviationTransport Services | 1.83% | 0.83% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.68% | 0.64% |
| EternalRetailing | 0.54% | 1.13% |
| HCL TechnologiesIT - Software | 0.47% | 1.11% |
| Tata SteelFerrous Metals | 0.43% | 0.43% |
| VedantaDiversified Metals | 0.29% | 0.64% |
| Havells IndiaConsumer Durables | 0.28% | 0.47% |
| Bharat Petroleum CorporationPetroleum Products | 0.60% | 0.26% |
| The Indian Hotels CompanyLeisure Services | 0.04% | 0.74% |
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.