ICICI Prudential Dividend Yield Fund vs UTI Dividend Yield Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
35.1%
Moderate overlap
Some shared stocks, different bets.
22
Common stocks
46
Only in ICICI Prudential Dividend Yield Fund
32
Only in UTI Dividend Yield Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
22 common stocks
ICICI Prudential Dividend Yield FundUTI Dividend Yield Fund| Stock | ICICI Prudential Dividend Yield Fund | UTI Dividend Yield Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 6.93% | 7.71% | 6.93% |
| ICICI Bank LtdFinancial Services | 6.70% | 5.97% | 5.97% |
| Axis Bank LtdFinancial Services | 4.32% | 2.50% | 2.50% |
| Bharti Airtel LtdCommunication Services | 2.48% | 2.88% | 2.48% |
| Maruti Suzuki India LtdConsumer Discretionary | 3.25% | 2.23% | 2.23% |
| Tata Consultancy Services LtdTechnology | 2.23% | 1.91% | 1.91% |
| NTPC LtdUtilities | 3.34% | 1.82% | 1.82% |
| State Bank Of IndiaFinancial Services | 1.37% | 3.44% | 1.37% |
| Oil And Natural Gas Corporation LtdEnergy | 1.26% | 1.54% | 1.26% |
| Infosys LtdTechnology | 1.18% | 2.55% | 1.18% |
| Life Insurance Corporation Of IndiaFinancial Services | 2.30% | 1.11% | 1.11% |
| Mahindra & Mahindra LtdConsumer Discretionary | 1.01% | 3.00% | 1.01% |
| Kotak Mahindra Bank LtdFinancial Services | 0.85% | 2.89% | 0.85% |
| Bharat Petroleum Corpn. LtdEnergy | 0.70% | 1.22% | 0.70% |
| Tata Steel LtdMaterials | 0.67% | 1.56% | 0.67% |
| ITC LtdConsumer Staples | 0.64% | 1.59% | 0.64% |
| Power Grid Corporation Of India LtdUtilities | 0.62% | 2.24% | 0.62% |
| Oil India LtdEnergy | 0.60% | 0.83% | 0.60% |
| Indiamart Intermesh LtdConsumer Discretionary | 0.63% | 0.49% | 0.49% |
| Mphasis LtdTechnology | 0.42% | 1.67% | 0.42% |
| Dabur India LtdConsumer Staples | 0.31% | 1.21% | 0.31% |
| Ltimindtree LtdTechnology | 0.06% | 0.68% | 0.06% |
| Total | 41.87% | 51.04% | 35.13% |
Only in ICICI Prudential Dividend Yield Fund
46 stocks, 52.2% of the fund
- Sun Pharmaceutical Industries LtdHealthcare5.40%
- Reliance Industries LtdEnergy3.91%
- Interglobe Aviation LtdTransportation & Logistics3.16%
- Larsen & Toubro LtdIndustrials3.00%
- Ultratech Cement LtdMaterials2.35%
- Cummins India LtdIndustrials2.29%
- Avenue Supermarts LtdConsumer Discretionary2.18%
- Bajaj Holdings & Investment LtdFinancial Services2.17%
- Thyrocare Technologies LtdHealthcare1.91%
- Britannia Industries LtdConsumer Staples1.80%
Only in UTI Dividend Yield Fund
32 stocks, 41.1% of the fund
- Tech Mahindra LtdTechnology3.13%
- Torrent Pharmaceuticals LtdHealthcare2.01%
- Coal India LtdEnergy1.81%
- Computer Age Management Services LtdFinancial Services1.81%
- Cipla LtdHealthcare1.72%
- Ajanta Pharma LtdHealthcare1.71%
- Hero Motocorp LtdConsumer Discretionary1.66%
- Bharat Electronics LtdIndustrials1.59%
- Eicher Motors LtdConsumer Discretionary1.58%
- Mahindra & Mahindra Financial Services LtdFinancial Services1.53%
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What is mutual fund portfolio overlap?
Portfolio overlap is the share of two funds' money that sits in the same stocks in the same amounts. Two flexi cap funds that both hold HDFC Bank, ICICI Bank and Reliance overlap by the smaller of their weights in each of those stocks.
How is portfolio overlap calculated?
For every stock both funds hold, take the smaller of the two weights, then add them up. If one fund holds HDFC Bank at 8% and the other at 5%, that stock adds 5% to the overlap. Only shares count; cash, bonds, deposits and REITs are left out. The figures use each fund's latest monthly portfolio disclosure.
Is high overlap between two funds bad?
Not by itself. RuDo studied 33,153 pairs of diversified equity funds over five years to September 2026. Funds from different fund houses with 50% to 70% overlap shared mostly the index's largest stocks, and holding both still made returns swing 12% to 15% less around the index than holding either one. Overlap above 70% came mostly from two funds of the same fund house, which hold nearly the same portfolio.
How often does the overlap change?
Fund houses disclose their portfolios every month, so the overlap is refreshed as each new disclosure arrives. It moves slowly for most diversified funds and faster for focused or high-turnover funds.
Based on each fund's monthly portfolio disclosure. Past performance does not indicate future returns.