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15 of 39 unique stocks in common · Jaccard: 38.5%
A weighted portfolio overlap of 45.23% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹45.23 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is Maruti Suzuki India, which commands a weight of 7.47% in ICICI Prudential Nifty EV & New Age Automotive ETF and 14.63% in Tata Nifty Auto Index Fund. Holding both schemes increases your concentration in Maruti Suzuki India 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 Tata |
|---|---|---|
| Maruti Suzuki IndiaAutomobiles | 7.47% | 14.63% |
| Mahindra & MahindraAutomobiles | 7.13% | 23.12% |
| Samvardhana Motherson InternationalAuto Components | 4.65% | 5.48% |
| Bajaj AutoAutomobiles | 3.61% | 9.84% |
| Eicher MotorsAutomobiles | 3.08% | 8.39% |
| BoschAuto Components | 4.31% | 2.70% |
| Tata Motors Passenger VehiclesAutomobiles | 2.58% | 7.01% |
| TVS Motor CompanyAutomobiles | 2.46% | 6.69% |
| Sona BLW Precision ForgingsAuto Components | 4.36% | 2.31% |
| Hero MotoCorpAutomobiles | 1.98% | 5.41% |
| UNO MindaAuto Components | 3.65% | 1.70% |
| Bharat ForgeAuto Components | 1.63% | 4.43% |
| Exide IndustriesAuto Components | 3.60% | 1.49% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 1.39% | 3.78% |
| Tube Investments of IndiaAuto Components | 1.05% | 2.85% |
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.