ICICI Prudential Focused Equity Fund - Direct Plan - Growth vs Invesco India Focused Fund - Direct Plan - Growth — portfolio overlap
31.89% 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
31.89%
Stocks held by both
10
Only in ICICI Prudential Mutual Fund's fund
24
Only in Invesco Mutual Fund's fund
16
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 | 8.38% | 9.04% | 8.38% |
| HDFC Bank Ltd | Financial | 5.41% | 6.65% | 5.41% |
| TVS Motor Company Ltd | Consumer Discretionary | 5.07% | 3.66% | 3.66% |
| Hindustan Aeronautics Ltd | Industrials | 3.16% | 4.57% | 3.16% |
| Cholamandalam Investment & Finance Company Ltd | Financial | 2.59% | 4.64% | 2.59% |
| Phoenix Mills Ltd | Real Estate | 4.12% | 2.49% | 2.49% |
| Trent Ltd | Consumer Discretionary | 2.70% | 2.17% | 2.17% |
| Prestige Estates Projects Ltd | Real Estate | 2.81% | 2.03% | 2.03% |
| Zomato Ltd | Technology | 1.97% | 3.91% | 1.97% |
| 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 — 36 and 28 holdings respectively — not live positions.