ICICI Prudential Equity & Debt Fund - Direct Plan - Growth vs Bandhan Aggressive Hybrid Fund-Direct Plan Growth — portfolio overlap

34.53% of these two portfolios is the same. A substantial shared core, which is normal for two funds in the same category — they are drawing from the same universe. The part that differs is what you are actually paying the second manager for.

Portfolio overlap

34.53%

Stocks held by both

31

Only in ICICI Prudential Mutual Fund's fund

216

Only in Bandhan Mutual Fund's fund

67

Overlap is weighted: for every stock both funds hold, we take the smaller of the two weights and add them up. So two funds each holding 5% of the same stock overlap by 5 points, not 10. Cash and equivalents (repo, TREPS, receivables) are excluded — nearly every fund holds them, and shared cash is not shared conviction.

Stocks both funds hold— top 25 of 31, by shared weight

StockSectorIn ICICI Prudential Mutual Fund'sIn Bandhan Mutual Fund'sShared
HDFC Bank LtdFinancial6.79%4.82%4.82%
ICICI Bank LtdFinancial4.81%6.04%4.81%
Reliance Industries LtdEnergy & Utilities4.70%3.88%3.88%
NTPC LtdEnergy & Utilities3.60%3.00%3.00%
Sun Pharmaceutical Industries LtdHealthcare3.60%1.94%1.94%
Axis Bank LtdFinancial2.62%1.90%1.90%
Larsen & Toubro LtdIndustrials1.59%2.50%1.59%
Bharti Airtel LtdTechnology1.63%1.51%1.51%
Zomato LtdTechnology1.26%1.91%1.26%
SBI Life Insurance Company LtdFinancial1.04%1.24%1.04%
TVS Motor Company LtdConsumer Discretionary2.68%0.83%0.83%
State Bank of IndiaFinancial0.81%3.08%0.81%
ITC LtdConsumer Staples1.08%0.79%0.79%
Ultratech Cement LtdMaterials0.78%0.89%0.78%
Hindustan Unilever LtdConsumer Staples1.67%0.78%0.78%
Kotak Mahindra Bank LtdFinancial0.94%0.75%0.75%
Infosys LtdTechnology0.66%1.89%0.66%
Tech Mahindra LtdTechnology0.43%0.64%0.43%
Mahindra & Mahindra LtdConsumer Discretionary0.39%2.08%0.39%
Tata Motors LtdIndustrials0.36%0.36%0.36%
Trent LtdConsumer Discretionary0.34%0.59%0.34%
UNION BANK OF INDIA CD 30APR27Financial0.28%0.68%0.28%
Adani Ports and Special Economic Zone LtdIndustrials0.27%0.87%0.27%
Pidilite Industries LtdMaterials0.26%0.68%0.26%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR VI 7.79 BD 14MY27 FVRS1LACFinancial0.24%0.45%0.24%

Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 255 and 101 holdings respectively — not live positions.