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31 of 156 unique stocks in common · Jaccard: 19.9%
A weighted portfolio overlap of 23.94% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.94 is allocated to the exact same companies at the same relative proportions. The schemes share 31 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 3.42% in Tata 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 Tata |
|---|---|---|
| HDFC BankBanks | 5.59% | 3.42% |
| Reliance IndustriesPetroleum Products | 3.26% | 3.70% |
| ICICI BankBanks | 3.76% | 2.81% |
| Axis BankBanks | 2.38% | 1.75% |
| Kotak Mahindra BankBanks | 1.30% | 1.48% |
| Bharti AirtelTelecom - Services | 1.11% | 2.56% |
| State Bank of IndiaBanks | 0.94% | 1.63% |
| Larsen & ToubroConstruction | 0.85% | 1.33% |
| NTPCPower | 1.37% | 0.84% |
| InfosysIT - Software | 1.72% | 0.79% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.06% | 0.75% |
| Tata Consultancy ServicesIT - Software | 0.75% | 0.70% |
| Tata SteelFerrous Metals | 0.67% | 1.02% |
| Tata Motors Passenger VehiclesAutomobiles | 0.60% | 1.13% |
| Bajaj FinservFinance | 2.58% | 0.57% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 0.44% | 1.38% |
| HDFC Life Insurance CompanyInsurance | 0.57% | 0.44% |
| Tech MahindraIT - Software | 0.43% | 0.61% |
| Mahindra & MahindraAutomobiles | 0.43% | 0.98% |
| ICICI Lombard General Insurance CompanyInsurance | 0.42% | 0.52% |
| Oil & Natural Gas CorporationOil | 0.64% | 0.27% |
| Afcons InfrastructureConstruction | 0.17% | 0.72% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.17% | 1.12% |
| Maruti Suzuki IndiaAutomobiles | 1.49% | 0.14% |
| Hero MotoCorpAutomobiles | 0.12% | 0.87% |
| Jindal SteelFerrous Metals | 0.12% | 1.04% |
| Bharat Petroleum CorporationPetroleum Products | 0.11% | 0.57% |
| Ultratech CementCement & Cement Products | 0.10% | 0.88% |
| Oil IndiaOil | 0.09% | 0.69% |
| Ambuja CementsCement & Cement Products | 0.07% | 0.51% |
| Indus TowersTelecom - Services | 0.05% | 0.62% |
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.