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8 of 105 unique stocks in common · Jaccard: 7.6%
A weighted portfolio overlap of 17.94% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.94 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is Larsen & Toubro, which commands a weight of 4.43% in ICICI Prudential Manufacturing Fund and 5.38% in SBI BSE Sensex ETF. Holding both schemes increases your concentration in Larsen & Toubro 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 |
|---|---|---|
| Larsen & ToubroConstruction | 4.43% | 5.38% |
| Mahindra & MahindraAutomobiles | 4.87% | 3.07% |
| Reliance IndustriesPetroleum Products | 2.84% | 10.08% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.51% | 2.19% |
| Maruti Suzuki IndiaAutomobiles | 2.26% | 1.95% |
| Ultratech CementCement & Cement Products | 3.05% | 1.52% |
| Asian PaintsConsumer Durables | 1.10% | 1.36% |
| ITCDiversified FMCG | 0.84% | 3.12% |
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.