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12 of 121 unique stocks in common · Jaccard: 9.9%
A weighted portfolio overlap of 20.32% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.32 is allocated to the exact same companies at the same relative proportions. The schemes share 12 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 4.43% in SBI Nifty 50 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% | 4.43% |
| Reliance IndustriesPetroleum Products | 2.84% | 8.25% |
| Mahindra & MahindraAutomobiles | 4.87% | 2.52% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.51% | 1.76% |
| Maruti Suzuki IndiaAutomobiles | 2.26% | 1.59% |
| Hindalco IndustriesNon - Ferrous Metals | 1.30% | 1.51% |
| Ultratech CementCement & Cement Products | 3.05% | 1.26% |
| JSW SteelFerrous Metals | 3.16% | 1.11% |
| Asian PaintsConsumer Durables | 1.10% | 1.12% |
| Bajaj AutoAutomobiles | 3.32% | 1.07% |
| ITCDiversified FMCG | 0.84% | 2.56% |
| CiplaPharmaceuticals & Biotechnology | 0.50% | 0.73% |
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.