Loading fund overlap…
30 of 34 unique stocks in common · Jaccard: 88.2%
A weighted portfolio overlap of 96.44% indicates a extreme overlap (near-identical portfolios). This means that out of every ₹100 you invest across these two schemes, approximately ₹96.44 is allocated to the exact same companies at the same relative proportions. The schemes share 30 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 8.36% in ICICI Prudential Nifty Commodities ETF and 8.37% in Kotak Nifty Commodities Index Fund. Holding both schemes increases your concentration in Reliance Industries 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 Kotak |
|---|---|---|
| Reliance IndustriesPetroleum Products | 8.36% | 8.37% |
| NTPCPower | 8.05% | 8.06% |
| Tata SteelFerrous Metals | 7.55% | 7.55% |
| Hindalco IndustriesNon - Ferrous Metals | 7.15% | 7.18% |
| Ultratech CementCement & Cement Products | 5.97% | 5.98% |
| JSW SteelFerrous Metals | 5.26% | 5.27% |
| Grasim IndustriesCement & Cement Products | 5.22% | 5.25% |
| Coal IndiaConsumable Fuels | 4.56% | 4.57% |
| Oil & Natural Gas CorporationOil | 4.52% | 4.53% |
| Adani PowerPower | 4.42% | 4.42% |
| Tata Power CompanyPower | 3.09% | 3.10% |
| Bharat Petroleum CorporationPetroleum Products | 2.65% | 2.66% |
| VedantaDiversified Metals | 2.63% | 2.63% |
| Adani Energy SolutionsPower | 2.30% | 2.32% |
| Indian Oil CorporationPetroleum Products | 2.30% | 2.30% |
| Adani Green EnergyPower | 2.17% | 2.17% |
| Pidilite IndustriesChemicals & Petrochemicals | 2.02% | 2.02% |
| Jindal SteelFerrous Metals | 1.96% | 1.97% |
| SRFChemicals & Petrochemicals | 1.73% | 1.74% |
| Hindustan Petroleum CorporationPetroleum Products | 1.66% | 1.66% |
| UPLFertilizers & Agrochemicals | 1.59% | 1.59% |
| Shree CementCement & Cement Products | 1.48% | 1.49% |
| APL Apollo TubesIndustrial Products | 1.46% | 1.46% |
| JSW EnergyPower | 1.41% | 1.41% |
| NMDCMinerals & Mining | 1.33% | 1.34% |
| Ambuja CementsCement & Cement Products | 1.20% | 1.20% |
| Torrent PowerPower | 1.18% | 1.19% |
| Oil IndiaOil | 1.14% | 1.14% |
| NHPCPower | 1.09% | 1.10% |
| PI IndustriesFertilizers & Agrochemicals | 0.99% | 0.99% |
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.