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19 of 103 unique stocks in common · Jaccard: 18.4%
A weighted portfolio overlap of 23.12% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.12 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 2.46% in ICICI Prudential Large & Mid Cap Fund and 4.04% in SBI Equity Hybrid 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 SBI |
|---|---|---|
| ICICI BankBanks | 2.46% | 4.04% |
| HDFC BankBanks | 8.02% | 2.39% |
| InterGlobe AviationTransport Services | 3.06% | 2.25% |
| Shree CementCement & Cement Products | 2.09% | 1.78% |
| InfosysIT - Software | 2.08% | 1.65% |
| Kotak Mahindra BankBanks | 1.57% | 3.20% |
| AIA EngineeringIndustrial Products | 1.67% | 1.55% |
| Page IndustriesTextiles & Apparels | 3.65% | 1.44% |
| Reliance IndustriesPetroleum Products | 1.38% | 2.36% |
| Larsen & ToubroConstruction | 1.15% | 2.50% |
| Oberoi RealtyRealty | 2.32% | 0.91% |
| NTPCPower | 1.04% | 0.88% |
| Tata Consultancy ServicesIT - Software | 0.87% | 1.08% |
| ITCDiversified FMCG | 0.85% | 0.79% |
| SwiggyRetailing | 1.97% | 0.71% |
| Avenue SupermartsRetailing | 0.65% | 1.59% |
| United BreweriesBeverages | 2.06% | 0.47% |
| Brainbees SolutionsRetailing | 0.22% | 0.11% |
| Vedant FashionsRetailing | 0.10% | 0.24% |
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.