Loading fund overlap…
8 of 46 unique stocks in common · Jaccard: 17.4%
A weighted portfolio overlap of 28.24% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.24 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.94% in quant Multi Asset Allocation Fund and 8.75% in UTI Focused 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 quant | in UTI |
|---|---|---|
| ICICI BankBanks | 7.94% | 8.75% |
| HDFC BankBanks | 6.07% | 8.17% |
| Reliance IndustriesPetroleum Products | 7.96% | 5.15% |
| ICICI Prudential Asset Management CompanyCapital Markets | 4.76% | 2.58% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 4.57% | 2.07% |
| Larsen & ToubroConstruction | 1.87% | 4.61% |
| Tata SteelFerrous Metals | 1.42% | 3.82% |
| Bharti AirtelTelecom - Services | 1.14% | 3.86% |
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.