ICICI Prudential Multicap Fund vs Nippon India Multi Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
13.0%
Low overlap
Largely different portfolios.
19
Common stocks
80
Only in ICICI Prudential Multicap Fund
80
Only in Nippon India Multi Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
19 common stocks
ICICI Prudential Multicap FundNippon India Multi Cap Fund| Stock | ICICI Prudential Multicap Fund | Nippon India Multi Cap Fund | Overlap |
|---|---|---|---|
| Samvardhana Motherson International LtdConsumer Discretionary | 2.17% | 1.77% | 1.77% |
| Mahindra & Mahindra LtdConsumer Discretionary | 1.00% | 1.56% | 1.00% |
| Bajaj Finance LtdFinancial Services | 0.98% | 1.71% | 0.98% |
| Multi Commodity Exchange of India LtdFinancial Services | 2.10% | 0.96% | 0.96% |
| GE T&D India LtdIndustrials | 0.92% | 1.72% | 0.92% |
| PB Fintech LtdTechnology | 2.20% | 0.89% | 0.89% |
| SBI Cards And Payment Services LtdFinancial Services | 0.87% | 0.75% | 0.75% |
| CG Power And Industrial Solutions LtdIndustrials | 1.52% | 0.73% | 0.73% |
| Aditya Birla Lifestyle Brands LtdConsumer Discretionary | 0.61% | 0.65% | 0.61% |
| Vedanta Aluminium Metal LtdMaterials | 2.86% | 0.56% | 0.56% |
| Blue Star LtdConsumer Discretionary | 0.84% | 0.52% | 0.52% |
| ABB India LtdIndustrials | 2.09% | 0.48% | 0.48% |
| Syngene International LtdHealthcare | 1.63% | 0.47% | 0.47% |
| Interglobe Aviation LtdTransportation & Logistics | 2.21% | 0.46% | 0.46% |
| Voltas LtdConsumer Discretionary | 0.41% | 1.02% | 0.41% |
| Triveni Turbine LtdIndustrials | 0.80% | 0.39% | 0.39% |
| Dixon Technologies (India) LtdConsumer Discretionary | 0.38% | 1.00% | 0.38% |
| Indian Hotels Co. LtdConsumer Discretionary | 0.36% | 0.77% | 0.36% |
| Balkrishna Industries LtdConsumer Discretionary | 0.33% | 0.95% | 0.33% |
| Total | 24.28% | 17.36% | 12.97% |
Only in ICICI Prudential Multicap Fund
80 stocks, 65.6% of the fund
- Apar Industries LtdIndustrials2.72%
- BSE LtdFinancial Services2.59%
- Ultratech Cement LtdMaterials2.45%
- Jindal Steel & Power LtdMaterials2.41%
- K.P.R. Mill LtdConsumer Discretionary2.20%
- Manappuram Finance LtdFinancial Services1.85%
- Bharat Forge LtdConsumer Discretionary1.70%
- Paradeep Phosphates LtdAgriculture1.64%
- Hindustan Aeronautics LtdIndustrials1.63%
- Vedanta LtdMaterials1.62%
Only in Nippon India Multi Cap Fund
80 stocks, 78.1% of the fund
- HDFC Bank LtdFinancial Services6.64%
- Axis Bank LtdFinancial Services5.14%
- Infosys LtdTechnology3.43%
- ICICI Bank LtdFinancial Services3.12%
- Larsen & Toubro LtdIndustrials1.79%
- Swiggy LtdConsumer Discretionary1.76%
- Linde India LtdMaterials1.73%
- NTPC LtdUtilities1.73%
- Reliance Industries LtdEnergy1.72%
- Max Financial Services LtdFinancial Services1.72%
Check another pair
More Multi Cap pairs
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.