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10 of 70 unique stocks in common · Jaccard: 14.3%
A weighted portfolio overlap of 23.01% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.01 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is Adani Power, which commands a weight of 3.23% in ICICI Prudential Nifty Next 50 Index Fund and 4.22% in UTI Nifty 200 Momentum 30 Index Fund. Holding both schemes increases your concentration in Adani Power 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 |
|---|---|---|
| Adani PowerPower | 3.23% | 4.22% |
| Samvardhana Motherson InternationalAuto Components | 2.97% | 3.29% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 2.92% | 2.83% |
| Cummins IndiaIndustrial Products | 2.71% | 4.50% |
| CG Power and Industrial SolutionsElectrical Equipment | 2.47% | 3.06% |
| Solar Industries IndiaChemicals & Petrochemicals | 1.93% | 2.07% |
| VedantaDiversified Metals | 1.86% | 4.30% |
| Adani Energy SolutionsPower | 1.83% | 2.83% |
| Adani Green EnergyPower | 1.60% | 1.85% |
| ABB IndiaElectrical Equipment | 1.58% | 1.96% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.