ICICI Prudential Multicap Fund vs SBI Multicap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
14.5%
Low overlap
Largely different portfolios.
15
Common stocks
84
Only in ICICI Prudential Multicap Fund
53
Only in SBI Multicap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
15 common stocks
ICICI Prudential Multicap FundSBI Multicap Fund| Stock | ICICI Prudential Multicap Fund | SBI Multicap Fund | Overlap |
|---|---|---|---|
| K.P.R. Mill LtdConsumer Discretionary | 2.20% | 3.36% | 2.20% |
| Paradeep Phosphates LtdAgriculture | 1.64% | 2.28% | 1.64% |
| JSW Steel LtdMaterials | 1.51% | 1.19% | 1.19% |
| BSE LtdFinancial Services | 2.59% | 1.07% | 1.07% |
| Muthoot Finance LtdFinancial Services | 1.02% | 1.15% | 1.02% |
| TVS Motor Company LtdConsumer Discretionary | 1.02% | 1.06% | 1.02% |
| Grasim Industries LtdMaterials | 1.11% | 0.96% | 0.96% |
| Tata Steel LtdMaterials | 0.91% | 0.98% | 0.91% |
| Sona Blw Precision Forgings LtdConsumer Discretionary | 0.88% | 1.66% | 0.88% |
| Blue Star LtdConsumer Discretionary | 0.84% | 1.50% | 0.84% |
| Nippon Life India Asset Management LtdFinancial Services | 0.81% | 1.01% | 0.81% |
| Godrej Properties LtdReal Estate | 0.66% | 0.82% | 0.66% |
| Lenskart Solutions LtdConsumer Discretionary | 0.64% | 2.03% | 0.64% |
| V.I.P. Industries LtdConsumer Discretionary | 0.39% | 0.38% | 0.38% |
| Carborundum Universal LtdIndustrials | 0.32% | 1.58% | 0.32% |
| Total | 16.54% | 21.03% | 14.54% |
Only in ICICI Prudential Multicap Fund
84 stocks, 73.3% of the fund
- Vedanta Aluminium Metal LtdMaterials2.86%
- Apar Industries LtdIndustrials2.72%
- Ultratech Cement LtdMaterials2.45%
- Jindal Steel & Power LtdMaterials2.41%
- Interglobe Aviation LtdTransportation & Logistics2.21%
- PB Fintech LtdTechnology2.20%
- Samvardhana Motherson International LtdConsumer Discretionary2.17%
- Multi Commodity Exchange of India LtdFinancial Services2.10%
- ABB India LtdIndustrials2.09%
- Manappuram Finance LtdFinancial Services1.85%
Only in SBI Multicap Fund
53 stocks, 78.0% of the fund
- ICICI Bank LtdFinancial Services4.15%
- Adani Enterprises LtdMaterials3.44%
- Adani Power LtdUtilities3.39%
- Divi'S Laboratories LtdHealthcare3.28%
- HDFC Bank LtdFinancial Services2.89%
- Kotak Mahindra Bank LtdFinancial Services2.57%
- Aether Industries LtdMaterials2.48%
- Jupiter Life Line Hospitals LtdHealthcare2.41%
- Berger Paints India LtdConsumer Discretionary2.23%
- Jubilant Foodworks LtdConsumer Discretionary2.22%
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.