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6 of 180 unique stocks in common · Jaccard: 3.3%
A weighted portfolio overlap of 3.15% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹3.15 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 Netweb Technologies India, which commands a weight of 1.37% in ICICI Prudential Smallcap Fund and 0.89% in Tata Digital India Fund. Holding both schemes increases your concentration in Netweb Technologies 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 |
|---|---|---|
| Netweb Technologies IndiaIT - Services | 1.37% | 0.89% |
| CyientIT - Services | 0.76% | 1.74% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 1.16% | 0.68% |
| BirlasoftIT - Software | 0.34% | 0.99% |
| Cummins IndiaIndustrial Products | 0.26% | 0.98% |
| Zensar TechnologiesIT - Software | 0.22% | 0.77% |
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.