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35 of 146 unique stocks in common · Jaccard: 24%
A weighted portfolio overlap of 15.61% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.61 is allocated to the exact same companies at the same relative proportions. The schemes share 35 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 1.90% in UTI Conservative 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 UTI |
|---|---|---|
| HDFC BankBanks | 5.59% | 1.90% |
| ICICI BankBanks | 3.76% | 1.63% |
| Bharti AirtelTelecom - Services | 1.11% | 1.02% |
| Kotak Mahindra BankBanks | 1.30% | 0.99% |
| Axis BankBanks | 2.38% | 0.96% |
| InfosysIT - Software | 1.72% | 0.86% |
| State Bank of IndiaBanks | 0.94% | 0.84% |
| Reliance IndustriesPetroleum Products | 3.26% | 0.61% |
| Maruti Suzuki IndiaAutomobiles | 1.49% | 0.51% |
| Tech MahindraIT - Software | 0.43% | 0.63% |
| IndusInd BankBanks | 1.34% | 0.43% |
| Mahindra & MahindraAutomobiles | 0.43% | 0.78% |
| Brigade EnterprisesRealty | 0.42% | 0.42% |
| Tata SteelFerrous Metals | 0.67% | 0.39% |
| Info Edge (India)Retailing | 0.67% | 0.36% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.06% | 0.36% |
| Eicher MotorsAutomobiles | 0.30% | 0.36% |
| Coal IndiaConsumable Fuels | 0.44% | 0.30% |
| Samvardhana Motherson InternationalAuto Components | 0.40% | 0.27% |
| Bharat ElectronicsAerospace & Defense | 0.31% | 0.26% |
| AIA EngineeringIndustrial Products | 0.39% | 0.25% |
| HDFC Life Insurance CompanyInsurance | 0.57% | 0.25% |
| Oil & Natural Gas CorporationOil | 0.64% | 0.25% |
| Larsen & ToubroConstruction | 0.85% | 0.22% |
| SwiggyRetailing | 0.77% | 0.20% |
| Tata Motors Passenger VehiclesAutomobiles | 0.60% | 0.19% |
| ITCDiversified FMCG | 1.59% | 0.16% |
| PI IndustriesFertilizers & Agrochemicals | 0.27% | 0.15% |
| Hero MotoCorpAutomobiles | 0.12% | 0.18% |
| Bharat Petroleum CorporationPetroleum Products | 0.11% | 0.21% |
| Aditya Birla Lifestyle BrandsRetailing | 0.14% | 0.11% |
| Indiamart IntermeshRetailing | 0.26% | 0.11% |
| Dabur IndiaPersonal Products | 0.11% | 0.25% |
| PVR INOXEntertainment | 0.05% | 0.26% |
| DLFRealty | 0.05% | 0.34% |
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.