Loading fund overlap…
9 of 64 unique stocks in common · Jaccard: 14.1%
A weighted portfolio overlap of 19.78% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.78 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 ICICI Bank, which commands a weight of 7.33% in ICICI Prudential Long Term Wealth Enhancement Fund and 4.67% in Tata Retirement Savings Fund-Progressive Plan. 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 | 7.33% | 4.67% |
| Reliance IndustriesPetroleum Products | 5.34% | 4.02% |
| EternalRetailing | 4.41% | 3.25% |
| 360 One WamCapital Markets | 2.15% | 2.38% |
| HCL TechnologiesIT - Software | 2.09% | 1.60% |
| HDFC BankBanks | 7.54% | 1.26% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.51% | 0.99% |
| Tata Consultancy ServicesIT - Software | 1.26% | 0.95% |
| Maruti Suzuki IndiaAutomobiles | 8.61% | 0.89% |
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.