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18 of 100 unique stocks in common · Jaccard: 18%
A weighted portfolio overlap of 40.36% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.36 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 ICICI Bank, which commands a weight of 9.03% in ICICI Prudential Value Fund and 7.44% in Nippon India Retirement Fund - Wealth Creation Scheme. Holding both schemes increases your concentration in ICICI Bank 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 Nippon |
|---|---|---|
| ICICI BankBanks | 9.03% | 7.44% |
| HDFC BankBanks | 9.12% | 6.15% |
| Reliance IndustriesPetroleum Products | 4.82% | 6.64% |
| Tata Consultancy ServicesIT - Software | 3.65% | 3.62% |
| Axis BankBanks | 2.99% | 3.63% |
| NTPCPower | 2.43% | 2.47% |
| InfosysIT - Software | 6.17% | 2.30% |
| State Bank of IndiaBanks | 1.96% | 2.67% |
| Larsen & ToubroConstruction | 1.88% | 3.20% |
| Hindustan UnileverDiversified FMCG | 2.98% | 1.80% |
| Ultratech CementCement & Cement Products | 1.16% | 1.45% |
| SBI Life Insurance CompanyInsurance | 2.42% | 1.05% |
| ICICI Lombard General Insurance CompanyInsurance | 1.05% | 1.94% |
| Container Corporation of IndiaTransport Services | 0.44% | 1.30% |
| Bajaj FinservFinance | 1.59% | 0.42% |
| GAIL (India)Gas | 0.36% | 1.01% |
| LupinPharmaceuticals & Biotechnology | 0.25% | 0.69% |
| Dabur IndiaPersonal Products | 0.25% | 0.49% |
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.