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26 of 139 unique stocks in common · Jaccard: 18.7%
A weighted portfolio overlap of 24.38% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.38 is allocated to the exact same companies at the same relative proportions. The schemes share 26 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.18% in ICICI Prudential Multi-Asset Fund and 4.04% in SBI Equity Hybrid Fund. Holding both schemes increases your concentration in ICICI 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 SBI |
|---|---|---|
| ICICI BankBanks | 3.18% | 4.04% |
| HDFC BankBanks | 5.74% | 2.39% |
| InterGlobe AviationTransport Services | 2.16% | 2.25% |
| Reliance IndustriesPetroleum Products | 1.89% | 2.36% |
| InfosysIT - Software | 2.34% | 1.65% |
| Larsen & ToubroConstruction | 1.48% | 2.50% |
| Page IndustriesTextiles & Apparels | 1.14% | 1.44% |
| Tata Consultancy ServicesIT - Software | 1.09% | 1.08% |
| Kotak Mahindra BankBanks | 1.02% | 3.20% |
| Avenue SupermartsRetailing | 0.93% | 1.59% |
| Oberoi RealtyRealty | 0.91% | 0.91% |
| Shree CementCement & Cement Products | 0.90% | 1.78% |
| NTPCPower | 1.48% | 0.88% |
| ITCDiversified FMCG | 2.00% | 0.79% |
| SwiggyRetailing | 0.82% | 0.71% |
| Bharti AirtelTelecom - Services | 0.53% | 3.27% |
| AIA EngineeringIndustrial Products | 0.49% | 1.55% |
| United BreweriesBeverages | 0.68% | 0.47% |
| Bajaj FinanceFinance | 0.43% | 2.49% |
| Asian PaintsConsumer Durables | 0.37% | 1.75% |
| State Bank of IndiaBanks | 0.34% | 3.79% |
| Samvardhana Motherson InternationalAuto Components | 0.24% | 0.47% |
| Hindalco IndustriesNon - Ferrous Metals | 0.18% | 1.74% |
| Brainbees SolutionsRetailing | 0.11% | 0.11% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.07% | 2.62% |
| Vedant FashionsRetailing | 0.04% | 0.24% |
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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.