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8 of 145 unique stocks in common · Jaccard: 5.5%
A weighted portfolio overlap of 5.45% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹5.45 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 HDFC Bank, which commands a weight of 5.59% in ICICI Prudential Multi Asset Allocation Fund and 2.00% in JM Multi Asset Allocation Fund. Holding both schemes increases your concentration in HDFC 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 JM |
|---|---|---|
| HDFC BankBanks | 5.59% | 2.00% |
| Interglobe AviationTransport Services | 1.88% | 1.22% |
| Larsen & ToubroConstruction | 0.85% | 2.14% |
| Samvardhana Motherson InternationalAuto Components | 0.40% | 1.54% |
| Manipal Health EnterprisesHealthcare Services | 0.37% | 4.06% |
| Eicher MotorsAutomobiles | 0.30% | 1.76% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.17% | 1.56% |
| Titan CompanyConsumer Durables | 0.15% | 1.71% |
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.