ICICI Prudential Large Cap Fund vs Nippon India Large Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
54.5%
High overlap
Shared stocks are mostly the index's largest.
38
Common stocks
46
Only in ICICI Prudential Large Cap Fund
28
Only in Nippon India Large Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
38 common stocks
ICICI Prudential Large Cap FundNippon India Large Cap Fund| Stock | ICICI Prudential Large Cap Fund | Nippon India Large Cap Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 7.86% | 8.65% | 7.86% |
| ICICI Bank LtdFinancial Services | 9.34% | 6.71% | 6.71% |
| Reliance Industries LtdEnergy | 5.59% | 4.11% | 4.11% |
| Axis Bank LtdFinancial Services | 4.08% | 5.29% | 4.08% |
| Larsen & Toubro LtdIndustrials | 4.11% | 3.70% | 3.70% |
| Infosys LtdTechnology | 2.74% | 3.63% | 2.74% |
| Mahindra & Mahindra LtdConsumer Discretionary | 2.47% | 2.92% | 2.47% |
| Sun Pharmaceutical Industries LtdHealthcare | 2.24% | 2.26% | 2.24% |
| Kotak Mahindra Bank LtdFinancial Services | 2.47% | 1.94% | 1.94% |
| NTPC LtdUtilities | 2.00% | 1.82% | 1.82% |
| State Bank Of IndiaFinancial Services | 1.41% | 2.95% | 1.41% |
| Maruti Suzuki India LtdConsumer Discretionary | 2.93% | 1.26% | 1.26% |
| Avenue Supermarts LtdConsumer Discretionary | 1.09% | 2.14% | 1.09% |
| HDFC Life Insurance Company LtdFinancial Services | 1.07% | 1.30% | 1.07% |
| SBI Life Insurance Company LtdFinancial Services | 0.93% | 1.08% | 0.93% |
| Hindustan Unilever LtdConsumer Staples | 0.85% | 2.50% | 0.85% |
| Dr. Reddys Laboratories LtdHealthcare | 0.91% | 0.85% | 0.85% |
| ITC LtdConsumer Staples | 0.79% | 2.13% | 0.79% |
| Siemens LtdIndustrials | 0.73% | 0.73% | 0.73% |
| Trent Ltd [Lakme Ltd]Consumer Discretionary | 0.71% | 1.30% | 0.71% |
| Tata Steel LtdMaterials | 1.49% | 0.70% | 0.70% |
| Hindustan Aeronautics LtdIndustrials | 1.05% | 0.67% | 0.67% |
| Shree Cements LtdMaterials | 0.67% | 0.78% | 0.67% |
| Vedanta Aluminium Metal LtdMaterials | 0.69% | 0.64% | 0.64% |
| United Spirits LtdConsumer Staples | 0.88% | 0.59% | 0.59% |
| Tech Mahindra LtdTechnology | 0.52% | 0.87% | 0.52% |
| Zomato LtdConsumer Discretionary | 0.50% | 1.82% | 0.50% |
| Swiggy LtdConsumer Discretionary | 0.49% | 1.18% | 0.49% |
| Godrej Consumer Products LtdConsumer Staples | 0.45% | 0.88% | 0.45% |
| Life Insurance Corporation Of IndiaFinancial Services | 2.61% | 0.33% | 0.33% |
| Cipla LtdHealthcare | 0.31% | 1.06% | 0.31% |
| United Breweries LtdConsumer Staples | 0.28% | 0.47% | 0.28% |
| ABB India LtdIndustrials | 0.24% | 1.03% | 0.24% |
| GE T&D India LtdIndustrials | 0.20% | 1.85% | 0.20% |
| Tata Power Co. LtdUtilities | 0.19% | 1.29% | 0.19% |
| HCL Technologies LtdTechnology | 0.19% | 0.94% | 0.19% |
| Lupin LtdHealthcare | 0.17% | 0.88% | 0.17% |
| Indian Hotels Co. LtdConsumer Discretionary | 0.04% | 1.02% | 0.04% |
| Total | 65.29% | 74.27% | 54.54% |
Only in ICICI Prudential Large Cap Fund
46 stocks, 30.0% of the fund
- Bharti Airtel LtdCommunication Services3.98%
- Ultratech Cement LtdMaterials2.91%
- Asian Paints LtdConsumer Discretionary1.55%
- Interglobe Aviation LtdTransportation & Logistics1.36%
- DLF LtdReal Estate1.32%
- HDFC Asset Management Company LtdFinancial Services1.09%
- ICICI Prudential Life Insurance Company LtdFinancial Services1.05%
- Hero Motocorp LtdConsumer Discretionary1.00%
- Oil And Natural Gas Corporation LtdEnergy0.96%
- Power Grid Corporation Of India LtdUtilities0.93%
Only in Nippon India Large Cap Fund
28 stocks, 25.4% of the fund
- Tata Consultancy Services LtdTechnology3.55%
- Bajaj Finance LtdFinancial Services3.23%
- Samvardhana Motherson International LtdConsumer Discretionary2.00%
- Divi'S Laboratories LtdHealthcare1.51%
- Dixon Technologies (India) LtdConsumer Discretionary1.14%
- Bajaj Auto LtdConsumer Discretionary1.07%
- Chalet Hotels LtdConsumer Discretionary0.95%
- PB Fintech LtdTechnology0.92%
- Tata Consumer Products LtdConsumer Staples0.87%
- Mankind Pharma LtdHealthcare0.86%
Check another pair
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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.