Loading fund overlap…
20 of 153 unique stocks in common · Jaccard: 13.1%
A weighted portfolio overlap of 21.94% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.94 is allocated to the exact same companies at the same relative proportions. The schemes share 20 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 4.78% in Sundaram 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 Sundaram |
|---|---|---|
| HDFC BankBanks | 5.59% | 4.78% |
| ICICI BankBanks | 3.76% | 4.95% |
| Reliance IndustriesPetroleum Products | 3.26% | 3.70% |
| Bajaj FinservFinance | 2.58% | 1.58% |
| Kotak Mahindra BankBanks | 1.30% | 2.15% |
| Bharti AirtelTelecom - Services | 1.11% | 3.71% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.06% | 1.11% |
| Larsen & ToubroConstruction | 0.85% | 3.70% |
| Interglobe AviationTransport Services | 1.88% | 0.76% |
| Tata SteelFerrous Metals | 0.67% | 1.45% |
| Alkem LaboratoriesPharmaceuticals & Biotechnology | 0.94% | 0.65% |
| Bajaj AutoAutomobiles | 0.56% | 0.76% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 0.44% | 1.35% |
| Mahindra & MahindraAutomobiles | 0.43% | 3.13% |
| Bharat ElectronicsAerospace & Defense | 0.31% | 1.07% |
| Bharat Petroleum CorporationPetroleum Products | 0.11% | 0.24% |
| Amara Raja Energy & MobilityAuto Components | 0.11% | 0.90% |
| Ultratech CementCement & Cement Products | 0.10% | 0.91% |
| TVS Motor CompanyAutomobiles | 0.06% | 1.35% |
| Axis BankBanks | 2.38% | 0.02% |
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.