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21 of 242 unique stocks in common · Jaccard: 8.7%
A weighted portfolio overlap of 10.51% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹10.51 is allocated to the exact same companies at the same relative proportions. The schemes share 21 common holdings.
The largest overlapping asset in their portfolios is GE Vernova T&D India, which commands a weight of 1.18% in ICICI Prudential Multicap Fund and 2.46% in Nippon India Multi Cap Fund. Holding both schemes increases your concentration in GE Vernova T&D India 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 Nippon |
|---|---|---|
| GE Vernova T&D IndiaElectrical Equipment | 1.18% | 2.46% |
| Samvardhana Motherson InternationalAuto Components | 2.05% | 1.17% |
| SBI Cards and Payment ServicesFinance | 0.94% | 0.84% |
| Triveni TurbineElectrical Equipment | 0.71% | 0.69% |
| Larsen & ToubroConstruction | 0.64% | 2.24% |
| ABB IndiaElectrical Equipment | 2.19% | 0.59% |
| Mahindra & MahindraAutomobiles | 1.02% | 0.57% |
| CG Power and Industrial SolutionsElectrical Equipment | 1.68% | 0.55% |
| CreditAccess GrameenFinance | 0.89% | 0.55% |
| CIE Automotive IndiaAuto Components | 0.50% | 0.80% |
| VoltasConsumer Durables | 0.47% | 1.45% |
| SiemensElectrical Equipment | 0.45% | 0.58% |
| Sona BLW Precision ForgingsAuto Components | 0.73% | 0.43% |
| HDFC Asset Management CompanyCapital Markets | 0.42% | 2.17% |
| The Indian Hotels CompanyLeisure Services | 0.35% | 1.99% |
| Tata Motors Passenger VehiclesAutomobiles | 0.27% | 0.76% |
| EIHLeisure Services | 0.26% | 3.86% |
| Tata SteelFerrous Metals | 1.13% | 0.24% |
| Whirlpool of IndiaConsumer Durables | 0.24% | 0.39% |
| Aditya Birla Fashion and RetailRetailing | 0.05% | 1.49% |
| UTI Asset Management CompanyCapital Markets | 0.05% | 0.68% |
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.