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38 of 128 unique stocks in common · Jaccard: 29.7%
A weighted portfolio overlap of 9.38% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.38 is allocated to the exact same companies at the same relative proportions. The schemes share 38 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 0.85% in Nippon India Conservative 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% | 0.85% |
| ICICI BankBanks | 3.76% | 0.82% |
| Reliance IndustriesPetroleum Products | 3.26% | 0.81% |
| Bharti AirtelTelecom - Services | 1.11% | 0.49% |
| State Bank of IndiaBanks | 0.94% | 0.45% |
| Larsen & ToubroConstruction | 0.85% | 0.42% |
| InfosysIT - Software | 1.72% | 0.39% |
| Mahindra & MahindraAutomobiles | 0.43% | 0.35% |
| Axis BankBanks | 2.38% | 0.34% |
| Maruti Suzuki IndiaAutomobiles | 1.49% | 0.34% |
| Tata Consultancy ServicesIT - Software | 0.75% | 0.29% |
| ITCDiversified FMCG | 1.59% | 0.27% |
| Kotak Mahindra BankBanks | 1.30% | 0.26% |
| Bajaj AutoAutomobiles | 0.56% | 0.24% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.06% | 0.24% |
| Hindustan UnileverDiversified FMCG | 1.51% | 0.20% |
| IndusInd BankBanks | 1.34% | 0.19% |
| NTPCPower | 1.37% | 0.17% |
| Tata SteelFerrous Metals | 0.67% | 0.17% |
| Hindalco IndustriesNon - Ferrous Metals | 0.31% | 0.16% |
| Grasim IndustriesCement & Cement Products | 0.40% | 0.15% |
| HCL TechnologiesIT - Software | 0.29% | 0.15% |
| Titan CompanyConsumer Durables | 0.15% | 0.24% |
| Bajaj FinservFinance | 2.58% | 0.14% |
| Asian PaintsConsumer Durables | 0.35% | 0.13% |
| Hero MotoCorpAutomobiles | 0.12% | 0.16% |
| Eicher MotorsAutomobiles | 0.30% | 0.12% |
| Nestle IndiaFood Products | 0.30% | 0.12% |
| JSW SteelFerrous Metals | 0.11% | 0.14% |
| Ultratech CementCement & Cement Products | 0.10% | 0.15% |
| Oil & Natural Gas CorporationOil | 0.64% | 0.10% |
| Coal IndiaConsumable Fuels | 0.44% | 0.09% |
| SBI Life Insurance CompanyInsurance | 0.45% | 0.09% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.75% | 0.09% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 0.21% | 0.08% |
| Britannia IndustriesFood Products | 0.29% | 0.07% |
| HDFC Life Insurance CompanyInsurance | 0.57% | 0.06% |
| Tata Motors Passenger VehiclesAutomobiles | 0.60% | 0.06% |
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.