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10 of 80 unique stocks in common · Jaccard: 12.5%
A weighted portfolio overlap of 17.04% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.04 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 Reliance Industries, which commands a weight of 31.71% in ICICI Prudential Nifty Oil & Gas ETF and 9.35% in Tata Nifty500 Multicap Infrastructure 50-30-20 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 Tata |
|---|---|---|
| Reliance IndustriesPetroleum Products | 31.71% | 9.35% |
| Oil & Natural Gas CorporationOil | 17.19% | 1.81% |
| Hindustan Petroleum CorporationPetroleum Products | 6.31% | 1.37% |
| Bharat Petroleum CorporationPetroleum Products | 10.08% | 1.06% |
| Oil IndiaOil | 4.33% | 0.94% |
| Petronet LNGGas | 3.39% | 0.73% |
| Indraprastha GasGas | 1.88% | 0.56% |
| Aegis LogisticsGas | 1.57% | 0.47% |
| Castrol IndiaPetroleum Products | 1.48% | 0.44% |
| Mahanagar GasGas | 1.04% | 0.31% |
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.