Loading fund overlap…
8 of 100 unique stocks in common · Jaccard: 8%
A weighted portfolio overlap of 9.06% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.06 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 AIA Engineering, which commands a weight of 2.78% in ICICI Prudential MNC Fund and 2.50% in SBI Midcap Fund. Holding both schemes increases your concentration in AIA Engineering 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 |
|---|---|---|
| AIA EngineeringIndustrial Products | 2.78% | 2.50% |
| SiemensElectrical Equipment | 2.01% | 1.93% |
| Procter & Gamble Hygiene and Health CarePersonal Products | 1.68% | 1.28% |
| CoforgeIT - Software | 2.00% | 1.19% |
| PI IndustriesFertilizers & Agrochemicals | 1.21% | 1.07% |
| Colgate Palmolive (India)Personal Products | 0.97% | 1.58% |
| GlaxoSmithKline PharmaceuticalsPharmaceuticals & Biotechnology | 0.07% | 1.13% |
| Schaeffler IndiaAuto Components | 0.05% | 1.59% |
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.