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18 of 153 unique stocks in common · Jaccard: 11.8%
A weighted portfolio overlap of 18.15% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.15 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 3.26% in ICICI Prudential Multi Asset Allocation Fund and 2.43% in JM Aggressive Hybrid Fund. Holding both schemes increases your concentration in Reliance Industries 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 JM |
|---|---|---|
| Reliance IndustriesPetroleum Products | 3.26% | 2.43% |
| ICICI BankBanks | 3.76% | 2.09% |
| HDFC BankBanks | 5.59% | 1.57% |
| Axis BankBanks | 2.38% | 1.55% |
| Interglobe AviationTransport Services | 1.88% | 1.51% |
| NTPCPower | 1.37% | 1.47% |
| Kotak Mahindra BankBanks | 1.30% | 2.28% |
| Maruti Suzuki IndiaAutomobiles | 1.49% | 1.30% |
| Bharti AirtelTelecom - Services | 1.11% | 2.61% |
| Larsen & ToubroConstruction | 0.85% | 1.44% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.75% | 1.36% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.75% | 1.51% |
| Tech MahindraIT - Software | 0.43% | 1.45% |
| Mahindra & MahindraAutomobiles | 0.43% | 1.55% |
| Eicher MotorsAutomobiles | 0.30% | 1.80% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.17% | 1.40% |
| Bharat ForgeAuto Components | 0.12% | 1.20% |
| JSW SteelFerrous Metals | 0.11% | 1.05% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.