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14 of 14 unique stocks in common · Jaccard: 100%
A weighted portfolio overlap of 99.81% indicates a extreme overlap (near-identical portfolios). This means that out of every ₹100 you invest across these two schemes, approximately ₹99.81 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 17.91% in ICICI Prudential Nifty Bank ETF and 17.90% in ICICI Prudential Nifty Bank Index Fund. 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 Prudential Nifty Bank ETF | in ICICI Prudential Nifty Bank Index |
|---|---|---|
| HDFC BankBanks | 17.91% | 17.90% |
| ICICI BankBanks | 13.61% | 13.60% |
| Axis BankBanks | 10.27% | 10.26% |
| Kotak Mahindra BankBanks | 9.80% | 9.79% |
| State Bank of IndiaBanks | 9.06% | 9.05% |
| The Federal BankBanks | 6.38% | 6.37% |
| IndusInd BankBanks | 5.40% | 5.39% |
| AU Small Finance BankBanks | 4.86% | 4.86% |
| Bank of BarodaBanks | 4.46% | 4.46% |
| IDFC First BankBanks | 4.26% | 4.26% |
| Canara BankBanks | 3.98% | 3.98% |
| Yes BankBanks | 3.67% | 3.67% |
| Punjab National BankBanks | 3.30% | 3.30% |
| Union Bank of IndiaBanks | 2.93% | 2.93% |
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.