ICICI Prudential Focused Equity Fund - Direct Plan - Growth vs Invesco India Focused Fund - Direct Plan - Growth — portfolio overlap
30.01% 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
30.01%
Stocks held by both
9
Only in ICICI Prudential Mutual Fund's fund
26
Only in Invesco Mutual Fund's fund
17
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
| Stock | Sector | In ICICI Prudential Mutual Fund's | In Invesco Mutual Fund's | Shared |
|---|---|---|---|---|
| ICICI Bank Ltd | Financial | 9.18% | 8.73% | 8.73% |
| HDFC Bank Ltd | Financial | 4.99% | 5.43% | 4.99% |
| TVS Motor Company Ltd | Consumer Discretionary | 4.97% | 4.06% | 4.06% |
| Phoenix Mills Ltd | Real Estate | 2.93% | 3.73% | 2.93% |
| Prestige Estates Projects Ltd | Real Estate | 2.54% | 2.59% | 2.54% |
| Hindustan Aeronautics Ltd | Industrials | 2.47% | 4.43% | 2.47% |
| Cholamandalam Investment & Finance Company Ltd | Financial | 2.14% | 4.26% | 2.14% |
| Multi Commodity Exchange Of India Ltd | Financial | 2.12% | 3.14% | 2.12% |
| TVS Motor Company Ltd - Pref. Shares | Consumer Discretionary | 0.03% | 0.02% | 0.02% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 37 and 27 holdings respectively — not live positions.