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34 of 162 unique stocks in common · Jaccard: 21%
A weighted portfolio overlap of 29.71% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.71 is allocated to the exact same companies at the same relative proportions. The schemes share 34 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 4.31% in Nippon India Aggressive Hybrid 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 Nippon |
|---|---|---|
| HDFC BankBanks | 5.59% | 4.31% |
| ICICI BankBanks | 3.76% | 5.02% |
| Reliance IndustriesPetroleum Products | 3.26% | 2.53% |
| Axis BankBanks | 2.38% | 2.98% |
| NTPCPower | 1.37% | 2.25% |
| InfosysIT - Software | 1.72% | 1.33% |
| Bharti AirtelTelecom - Services | 1.11% | 3.47% |
| Interglobe AviationTransport Services | 1.88% | 1.09% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.06% | 1.56% |
| State Bank of IndiaBanks | 0.94% | 1.90% |
| Larsen & ToubroConstruction | 0.85% | 3.22% |
| SwiggyRetailing | 0.77% | 0.90% |
| Kotak Mahindra BankBanks | 1.30% | 0.77% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.75% | 0.99% |
| Hindustan UnileverDiversified FMCG | 1.51% | 0.74% |
| Tata SteelFerrous Metals | 0.67% | 1.16% |
| Info Edge (India)Retailing | 0.67% | 0.64% |
| SBI Life Insurance CompanyInsurance | 0.45% | 0.60% |
| Tech MahindraIT - Software | 0.43% | 0.60% |
| Mahindra & MahindraAutomobiles | 0.43% | 1.94% |
| Jubilant FoodworksLeisure Services | 0.42% | 0.49% |
| Samvardhana Motherson InternationalAuto Components | 0.40% | 1.45% |
| Avenue SupermartsRetailing | 1.12% | 0.38% |
| ICICI Lombard General Insurance CompanyInsurance | 0.42% | 0.32% |
| Britannia IndustriesFood Products | 0.29% | 0.45% |
| HCL TechnologiesIT - Software | 0.29% | 0.85% |
| Oil & Natural Gas CorporationOil | 0.64% | 0.28% |
| TrentRetailing | 0.23% | 0.31% |
| Rainbow Childrens MedicareHealthcare Services | 0.22% | 0.73% |
| Titan CompanyConsumer Durables | 0.15% | 0.44% |
| Jindal SteelFerrous Metals | 0.12% | 1.61% |
| Bharat Petroleum CorporationPetroleum Products | 0.11% | 0.24% |
| TVS Motor CompanyAutomobiles | 0.06% | 1.77% |
| Whirlpool of IndiaConsumer Durables | 0.05% | 0.30% |
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.