ICICI Prudential Flexicap Fund vs Parag Parikh Flexi Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
23.1%
Low overlap
Largely different portfolios.
15
Common stocks
57
Only in ICICI Prudential Flexicap Fund
38
Only in Parag Parikh Flexi Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
15 common stocks
ICICI Prudential Flexicap FundParag Parikh Flexi Cap Fund| Stock | ICICI Prudential Flexicap Fund | Parag Parikh Flexi Cap Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 7.37% | 5.67% | 5.67% |
| Mahindra & Mahindra LtdConsumer Discretionary | 3.23% | 3.97% | 3.23% |
| HDFC Bank LtdFinancial Services | 3.03% | 7.63% | 3.03% |
| Axis Bank LtdFinancial Services | 3.17% | 2.97% | 2.97% |
| Maruti Suzuki India LtdConsumer Discretionary | 4.92% | 2.68% | 2.68% |
| Infosys LtdTechnology | 2.25% | 3.29% | 2.25% |
| Bharti Airtel LtdCommunication Services | 1.09% | 2.80% | 1.09% |
| Kotak Mahindra Bank LtdFinancial Services | 0.90% | 4.40% | 0.90% |
| HCL Technologies LtdTechnology | 0.57% | 4.15% | 0.57% |
| Tata Consultancy Services LtdTechnology | 0.37% | 2.88% | 0.37% |
| Sun Pharmaceutical Industries LtdHealthcare | 0.66% | 0.13% | 0.13% |
| State Bank Of IndiaFinancial Services | 2.08% | 0.09% | 0.09% |
| Ultratech Cement LtdMaterials | 0.62% | 0.09% | 0.09% |
| TVS Motor Company LtdConsumer Discretionary | 9.34% | 0.03% | 0.03% |
| Eicher Motors LtdConsumer Discretionary | 0.84% | 0.03% | 0.03% |
| Total | 40.44% | 40.81% | 23.13% |
Only in ICICI Prudential Flexicap Fund
57 stocks, 56.1% of the fund
- Avenue Supermarts LtdConsumer Discretionary4.16%
- Zomato LtdConsumer Discretionary3.71%
- R R Kabel LtdIndustrials2.53%
- Samvardhana Motherson International LtdConsumer Discretionary2.30%
- Ethos LtdConsumer Discretionary2.28%
- Lenskart Solutions LtdConsumer Discretionary2.22%
- Sona Blw Precision Forgings LtdConsumer Discretionary1.98%
- Interglobe Aviation LtdTransportation & Logistics1.90%
- Neuland Laboratories LtdHealthcare1.81%
- Azad Engineering LtdIndustrials1.81%
Only in Parag Parikh Flexi Cap Fund
38 stocks, 43.2% of the fund
- Power Grid Corporation Of India LtdUtilities5.58%
- ITC LtdConsumer Staples5.26%
- Bajaj Holdings & Investment LtdFinancial Services5.14%
- Coal India LtdEnergy5.02%
- Alphabet IncTechnology4.14%
- Microsoft CorpTechnology2.40%
- Amazon Com IncConsumer Discretionary2.33%
- Meta Platforms Registered Shares ACommunication Services2.18%
- Zydus Lifesciences LtdHealthcare1.52%
- Cipla LtdHealthcare1.37%
Check another pair
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- HDFC Flexi Cap Fund vs ICICI Prudential Flexicap Fund
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.