Loading fund overlap…
11 of 68 unique stocks in common · Jaccard: 16.2%
A weighted portfolio overlap of 22.97% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.97 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.68% in Lic Mf Focused Fund and 8.30% in UTI Nifty 50 ETF. 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 Lic | in UTI |
|---|---|---|
| ICICI BankBanks | 4.68% | 8.30% |
| State Bank of IndiaBanks | 4.70% | 3.70% |
| Axis BankBanks | 2.89% | 3.41% |
| Larsen & ToubroConstruction | 2.45% | 4.42% |
| InfosysIT - Software | 1.92% | 3.76% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.81% | 1.76% |
| Maruti Suzuki IndiaAutomobiles | 2.83% | 1.59% |
| Shriram FinanceFinance | 2.52% | 1.23% |
| Bajaj AutoAutomobiles | 3.34% | 1.07% |
| InterGlobe AviationTransport Services | 4.80% | 0.92% |
| Tata Motors Passenger VehiclesAutomobiles | 3.82% | 0.76% |
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.