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6 of 82 unique stocks in common · Jaccard: 7.3%
A weighted portfolio overlap of 10.17% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹10.17 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 3.32% in ICICI Prudential Nifty EV & New Age Automotive ETF and 8.25% in SBI Nifty 50 ETF. 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 SBI |
|---|---|---|
| Reliance IndustriesPetroleum Products | 3.32% | 8.25% |
| Mahindra & MahindraAutomobiles | 7.13% | 2.52% |
| Maruti Suzuki IndiaAutomobiles | 7.47% | 1.59% |
| Bajaj AutoAutomobiles | 3.61% | 1.07% |
| Eicher MotorsAutomobiles | 3.08% | 0.91% |
| Tata Motors Passenger VehiclesAutomobiles | 2.58% | 0.76% |
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.