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26 of 114 unique stocks in common · Jaccard: 22.8%
A weighted portfolio overlap of 45.91% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹45.91 is allocated to the exact same companies at the same relative proportions. The schemes share 26 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 8.16% in UTI ELSS Tax Saver 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 UTI |
|---|---|---|
| HDFC BankBanks | 8.46% | 8.16% |
| ICICI BankBanks | 8.72% | 6.47% |
| Bharti AirtelTelecom - Services | 4.34% | 4.30% |
| Axis BankBanks | 4.67% | 3.88% |
| Reliance IndustriesPetroleum Products | 5.41% | 2.82% |
| InfosysIT - Software | 3.60% | 2.73% |
| Mahindra & MahindraAutomobiles | 2.34% | 2.24% |
| Maruti Suzuki IndiaAutomobiles | 3.55% | 1.96% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.65% | 1.27% |
| Kotak Mahindra BankBanks | 1.21% | 3.96% |
| Hindustan AeronauticsAerospace & Defense | 1.11% | 1.27% |
| HDFC Life Insurance CompanyInsurance | 1.16% | 1.09% |
| Power Grid Corporation of IndiaPower | 1.08% | 1.13% |
| NTPCPower | 2.38% | 1.05% |
| State Bank of IndiaBanks | 1.02% | 2.27% |
| Avenue SupermartsRetailing | 0.92% | 1.07% |
| Eicher MotorsAutomobiles | 0.62% | 1.48% |
| Bharat Petroleum CorporationPetroleum Products | 0.60% | 0.70% |
| EternalRetailing | 0.54% | 1.11% |
| Info Edge (India)Retailing | 0.51% | 1.46% |
| Tech MahindraIT - Software | 0.50% | 1.96% |
| Tata SteelFerrous Metals | 0.43% | 2.39% |
| SwiggyRetailing | 0.42% | 0.76% |
| ICICI Lombard General Insurance CompanyInsurance | 0.40% | 1.50% |
| Godrej Consumer ProductsPersonal Products | 0.33% | 0.91% |
| Havells IndiaConsumer Durables | 0.28% | 0.93% |
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.