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25 of 149 unique stocks in common · Jaccard: 16.8%
A weighted portfolio overlap of 24.61% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.61 is allocated to the exact same companies at the same relative proportions. The schemes share 25 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 3.26% in ICICI Prudential Multi Asset Allocation Fund and 3.54% in Tata Balanced Advantage Fund. Holding both schemes increases your concentration in Reliance Industries 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 Tata |
|---|---|---|
| Reliance IndustriesPetroleum Products | 3.26% | 3.54% |
| HDFC BankBanks | 5.59% | 2.88% |
| ICICI BankBanks | 3.76% | 2.51% |
| Bajaj FinservFinance | 2.58% | 1.55% |
| Axis BankBanks | 2.38% | 1.34% |
| InfosysIT - Software | 1.72% | 1.31% |
| NTPCPower | 1.37% | 1.20% |
| Bharti AirtelTelecom - Services | 1.11% | 2.87% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.06% | 1.50% |
| State Bank of IndiaBanks | 0.94% | 1.62% |
| Shree CementCement & Cement Products | 0.90% | 1.17% |
| Hindustan UnileverDiversified FMCG | 1.51% | 0.89% |
| Larsen & ToubroConstruction | 0.85% | 2.02% |
| Life Insurance Corporation Of IndiaInsurance | 3.81% | 0.74% |
| Tata SteelFerrous Metals | 0.67% | 1.21% |
| Oil & Natural Gas CorporationOil | 0.64% | 0.97% |
| HDFC Life Insurance CompanyInsurance | 0.57% | 0.88% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 0.44% | 0.73% |
| Tech MahindraIT - Software | 0.43% | 0.99% |
| Mahindra & MahindraAutomobiles | 0.43% | 1.45% |
| ICICI Lombard General Insurance CompanyInsurance | 0.42% | 0.72% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.17% | 1.29% |
| Bharat Petroleum CorporationPetroleum Products | 0.11% | 0.88% |
| Dabur IndiaPersonal Products | 0.11% | 0.46% |
| Ambuja CementsCement & Cement Products | 0.07% | 0.95% |
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.