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9 of 180 unique stocks in common · Jaccard: 5%
A weighted portfolio overlap of 7.8% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹7.8 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Ultratech Cement, which commands a weight of 2.72% in ICICI Prudential Multicap Fund and 1.52% in SBI BSE Sensex ETF. Holding both schemes increases your concentration in Ultratech Cement 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 |
|---|---|---|
| Ultratech CementCement & Cement Products | 2.72% | 1.52% |
| Tata SteelFerrous Metals | 1.13% | 1.94% |
| InterGlobe AviationTransport Services | 2.03% | 1.11% |
| Mahindra & MahindraAutomobiles | 1.02% | 3.07% |
| Bajaj FinanceFinance | 0.93% | 2.73% |
| Larsen & ToubroConstruction | 0.64% | 5.38% |
| Titan CompanyConsumer Durables | 0.56% | 1.88% |
| Bajaj FinservFinance | 0.52% | 1.13% |
| Bharti AirtelTelecom - Services | 0.36% | 5.89% |
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.