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11 of 120 unique stocks in common · Jaccard: 9.2%
A weighted portfolio overlap of 23.38% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.38 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 8.00% in Lic Mf Unit Linked Insurance Scheme and 4.67% in Nippon India Flexi Cap Fund. 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 Nippon |
|---|---|---|
| ICICI BankBanks | 8.00% | 4.67% |
| HDFC BankBanks | 4.26% | 6.53% |
| InfosysIT - Software | 2.97% | 3.28% |
| Axis BankBanks | 2.57% | 3.32% |
| TrentRetailing | 3.39% | 1.53% |
| Reliance IndustriesPetroleum Products | 1.49% | 3.41% |
| Maruti Suzuki IndiaAutomobiles | 1.49% | 1.46% |
| State Bank of IndiaBanks | 1.36% | 1.85% |
| Bharti AirtelTelecom - Services | 2.14% | 1.07% |
| Hindustan UnileverDiversified FMCG | 1.05% | 1.13% |
| CreditAccess GrameenFinance | 0.95% | 1.07% |
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.