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9 of 98 unique stocks in common · Jaccard: 9.2%
A weighted portfolio overlap of 24.86% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.86 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 HDFC Bank, which commands a weight of 8.02% in ICICI Prudential Large & Mid Cap Fund and 9.41% in Nippon India Focused Equity 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 Nippon |
|---|---|---|
| HDFC BankBanks | 8.02% | 9.41% |
| SBI Cards and Payment ServicesFinance | 5.09% | 3.59% |
| Axis BankBanks | 3.40% | 7.36% |
| FSN E-Commerce VenturesRetailing | 2.83% | 3.28% |
| ICICI BankBanks | 2.46% | 8.03% |
| InfosysIT - Software | 2.08% | 5.11% |
| Reliance IndustriesPetroleum Products | 1.38% | 4.62% |
| ITCDiversified FMCG | 0.85% | 5.84% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.26% | 4.71% |
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.