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11 of 128 unique stocks in common · Jaccard: 8.6%
A weighted portfolio overlap of 18.11% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.11 is allocated to the exact same companies at the same relative proportions. The schemes share 11 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 4.58% in Sundaram 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 Sundaram |
|---|---|---|
| HDFC BankBanks | 5.59% | 4.58% |
| ICICI BankBanks | 3.76% | 5.15% |
| Reliance IndustriesPetroleum Products | 3.26% | 3.24% |
| Bajaj FinservFinance | 2.58% | 1.67% |
| Kotak Mahindra BankBanks | 1.30% | 2.24% |
| Bharti AirtelTelecom - Services | 1.11% | 3.41% |
| Larsen & ToubroConstruction | 0.85% | 3.39% |
| Tata SteelFerrous Metals | 0.67% | 1.56% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 0.44% | 1.43% |
| Mahindra & MahindraAutomobiles | 0.43% | 2.72% |
| TVS Motor CompanyAutomobiles | 0.06% | 1.44% |
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.