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21 of 132 unique stocks in common · Jaccard: 15.9%
A weighted portfolio overlap of 27.74% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.74 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 HDFC Bank, which commands a weight of 8.46% in ICICI Prudential Large Cap Fund and 4.53% in UTI Multi Cap 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% | 4.53% |
| ICICI BankBanks | 8.72% | 3.89% |
| InfosysIT - Software | 3.60% | 2.52% |
| Reliance IndustriesPetroleum Products | 5.41% | 2.30% |
| Bharti AirtelTelecom - Services | 4.34% | 1.78% |
| Larsen & ToubroConstruction | 5.38% | 1.57% |
| Ultratech CementCement & Cement Products | 2.69% | 1.53% |
| Maruti Suzuki IndiaAutomobiles | 3.55% | 1.36% |
| Axis BankBanks | 4.67% | 1.28% |
| Kotak Mahindra BankBanks | 1.21% | 4.03% |
| SBI Life Insurance CompanyInsurance | 1.09% | 1.45% |
| Power Grid Corporation of IndiaPower | 1.08% | 1.20% |
| United SpiritsBeverages | 0.97% | 0.84% |
| Info Edge (India)Retailing | 0.51% | 1.65% |
| Tata SteelFerrous Metals | 0.43% | 0.91% |
| Titan CompanyConsumer Durables | 0.43% | 0.42% |
| SwiggyRetailing | 0.42% | 1.05% |
| Tata Motors Passenger VehiclesAutomobiles | 0.36% | 1.21% |
| Life Insurance Corporation of IndiaInsurance | 0.29% | 0.76% |
| LupinPharmaceuticals & Biotechnology | 0.19% | 1.04% |
| Oil IndiaOil | 0.15% | 1.83% |
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.