Loading fund overlap…
13 of 138 unique stocks in common · Jaccard: 9.4%
A weighted portfolio overlap of 16.33% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.33 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.97% in ICICI Prudential Multi-Asset Fund and 3.78% in SBI Long Term Advantage Fund - Series IV. 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 SBI |
|---|---|---|
| HDFC BankBanks | 5.97% | 3.78% |
| ICICI BankBanks | 3.76% | 7.62% |
| InfosysIT - Software | 1.83% | 3.62% |
| Kotak Mahindra BankBanks | 1.29% | 3.16% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.15% | 3.52% |
| State Bank of IndiaBanks | 1.00% | 4.16% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.82% | 3.75% |
| SwiggyRetailing | 0.82% | 2.16% |
| Bajaj FinanceFinance | 0.52% | 8.08% |
| Tech MahindraIT - Software | 0.45% | 4.17% |
| Kalpataru Projects InternationalConstruction | 0.40% | 2.61% |
| Eicher MotorsAutomobiles | 0.34% | 4.75% |
| Afcons InfrastructureConstruction | 0.17% | 0.65% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.