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9 of 120 unique stocks in common · Jaccard: 7.5%
A weighted portfolio overlap of 19.62% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.62 is allocated to the exact same companies at the same relative proportions. The schemes share 9 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 6.45% in Sundaram Equity Savings 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% | 6.45% |
| ICICI BankBanks | 3.76% | 8.06% |
| Reliance IndustriesPetroleum Products | 3.26% | 7.17% |
| Axis BankBanks | 2.38% | 4.46% |
| Kotak Mahindra BankBanks | 1.30% | 2.86% |
| Bharti AirtelTelecom - Services | 1.11% | 10.19% |
| State Bank of IndiaBanks | 0.94% | 2.39% |
| Larsen & ToubroConstruction | 0.85% | 3.44% |
| Mahindra & MahindraAutomobiles | 0.43% | 2.56% |
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.