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21 of 59 unique stocks in common · Jaccard: 35.6%
A weighted portfolio overlap of 37.94% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.94 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 ICICI Bank, which commands a weight of 4.20% in ICICI Prudential Nifty Alpha Low- Volatility 30 ETF and 8.30% in UTI Nifty 50 ETF. 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 UTI |
|---|---|---|
| ICICI BankBanks | 4.20% | 8.30% |
| HDFC BankBanks | 3.74% | 10.53% |
| State Bank of IndiaBanks | 4.22% | 3.70% |
| Bharti AirtelTelecom - Services | 3.38% | 5.19% |
| Reliance IndustriesPetroleum Products | 3.30% | 8.25% |
| Kotak Mahindra BankBanks | 2.80% | 2.61% |
| Bajaj FinanceFinance | 3.33% | 2.25% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.32% | 1.76% |
| Maruti Suzuki IndiaAutomobiles | 3.56% | 1.59% |
| Titan CompanyConsumer Durables | 3.69% | 1.55% |
| Ultratech CementCement & Cement Products | 2.85% | 1.26% |
| Asian PaintsConsumer Durables | 3.66% | 1.12% |
| Grasim IndustriesCement & Cement Products | 3.06% | 1.10% |
| Bajaj FinservFinance | 2.80% | 0.95% |
| Nestle IndiaFood Products | 4.19% | 0.94% |
| Eicher MotorsAutomobiles | 3.90% | 0.91% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.62% | 0.78% |
| SBI Life Insurance CompanyInsurance | 4.04% | 0.76% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 3.02% | 0.73% |
| Tata Consumer ProductsAgricultural Food & Other Products | 3.47% | 0.71% |
| HDFC Life Insurance CompanyInsurance | 2.78% | 0.59% |
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.