Loading fund overlap…
8 of 134 unique stocks in common · Jaccard: 6%
A weighted portfolio overlap of 4.41% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹4.41 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is NTPC, which commands a weight of 1.48% in ICICI Prudential Multi-Asset Fund and 9.06% in SBI PSU Fund. Holding both schemes increases your concentration in NTPC 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 |
|---|---|---|
| NTPCPower | 1.48% | 9.06% |
| Life Insurance Corporation of IndiaInsurance | 0.90% | 1.63% |
| Oil & Natural Gas CorporationOil | 0.61% | 5.90% |
| Gujarat GasGas | 0.55% | 2.13% |
| SBI Life Insurance CompanyInsurance | 0.39% | 1.92% |
| State Bank of IndiaBanks | 0.34% | 16.86% |
| Bharat Petroleum CorporationPetroleum Products | 0.11% | 4.39% |
| Indian BankBanks | 0.03% | 3.07% |
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.