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18 of 156 unique stocks in common · Jaccard: 11.5%
A weighted portfolio overlap of 18.64% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.64 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 4.14% in ICICI Prudential Retirement Fund - Pure Equity Plan and 2.78% in Tata Multicap 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 | 4.14% | 2.78% |
| HDFC BankBanks | 5.74% | 2.13% |
| Bharti AirtelTelecom - Services | 1.86% | 2.20% |
| Mahindra & MahindraAutomobiles | 2.27% | 1.79% |
| ICICI BankBanks | 2.38% | 1.57% |
| Usha MartinIndustrial Products | 2.12% | 1.40% |
| Ultratech CementCement & Cement Products | 1.90% | 0.97% |
| NTPCPower | 0.94% | 2.71% |
| VedantaDiversified Metals | 0.84% | 0.72% |
| PI IndustriesFertilizers & Agrochemicals | 0.69% | 1.09% |
| InfosysIT - Software | 0.66% | 1.42% |
| ThermaxElectrical Equipment | 0.62% | 2.72% |
| Godrej PropertiesRealty | 0.56% | 0.58% |
| Jindal SteelFerrous Metals | 0.53% | 0.73% |
| Cummins IndiaIndustrial Products | 0.53% | 1.15% |
| Bandhan BankBanks | 0.45% | 1.88% |
| Power Finance CorporationFinance | 0.22% | 2.14% |
| MastekIT - Software | 0.21% | 0.45% |
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.