Mirae Asset Large Cap Fund vs ICICI Prudential Large Cap Fund (erstwhile Bluechip Fund)
Detailed stock-level portfolio comparison and mutual fund overlap analysis.
Real-World Rupee Impact: What 62.8% Overlap Means for Your Wealth
If you invest an equal ₹1,00,000 portfolio base across both schemes (₹50,000 in Mirae and ₹50,000 in ICICI):
The Portfolio Verdict: Should You Hold Both?
Mirae Asset Large Cap and ICICI Prudential Large Cap share over 60% overlap. Under SEBI rules, large-cap funds must allocate 80%+ to top 100 stocks, forcing fund managers into the same mega-cap names. Holding both funds generates redundant management fees for essentially the same portfolio.
How Is This 62.8% Overlap Calculated?
Rather than merely matching stock names, our quantitative engine measures the minimum common portfolio weight for every security intersecting across both statutory AMFI disclosures:
Worked Example with ICICI Bank Ltd.:
Mirae allocates 8.59% and ICICI allocates 8.92%. Your guaranteed common, duplicated exposure to ICICI Bank Ltd. is . Repeating this calculation across all 40 common stocks and summing their minimum common weights produces your exact 62.8% portfolio overlap.
4-Point Audit Checklist: Choosing Between These Two Funds
Category Mandate & Style
Both schemes share high stock duplication (62.8%). Holding both largely cancels out active manager alpha. Pick the fund with the superior 3Y/5Y rolling risk-adjusted alpha.
Expense Ratio (Fee Drag)
Mirae charges 0.76% vs ICICI at 1.01%. Over 10–15 years, a 0.20%+ fee difference compounds into lakhs of rupees in net corpus disparity.
Sector & Single-Stock Concentration
Check the combined sector weights below. If both funds heavily tilt toward the same sector (e.g. Banking or Tech), your portfolio is taking on concentrated cyclical risk.
Portfolio Rebalancing Action
If you currently hold both, pause SIPs in the higher-cost or underperforming scheme and consolidate fresh inflows into the stronger conviction fund.
Scheme Profile Comparison
| Metric | Mirae Asset Large Cap Fund | ICICI Prudential Large Cap Fund (erstwhile Bluechip Fund) |
|---|---|---|
| Fund House / AMC | Mirae Asset Mutual Fund | ICICI Prudential Mutual Fund |
| AMFI Direct Scheme Code | 118825 | 120586 |
| Total Equity Holdings | 73 stocks | 83 stocks |
| Expense Ratio (TER) | 0.76% | 1.01% |
| Disclosure Filing Date | Sep 30, 2026 | Sep 30, 2026 |
Top Overlapping Holdings
Companies held simultaneously by both schemes, ranked by cumulative portfolio overlap weight.
| Company Name | Sector | Weight in Mirae | Weight in ICICI | Overlap Exposuremin(WA, WB) |
|---|---|---|---|---|
ICICI Bank Ltd.INE090A01021 | Banks | 8.59% | 8.92% | 8.59% |
HDFC Bank Ltd.INE040A01034 | Banks | 9.19% | 8.44% | 8.44% |
Reliance Industries Ltd.INE002A01018 | Petroleum Products | 5.14% | 5.46% | 5.14% |
Bharti Airtel Ltd.INE397D01024 | Telecom - Services | 5.26% | 4.21% | 4.21% |
Axis Bank Ltd.INE238A01034 | Banks | 3.76% | 4.14% | 3.76% |
Larsen & Toubro Ltd.INE018A01030 | Construction | 3.46% | 3.82% | 3.46% |
Mahindra & Mahindra Ltd.INE101A01026 | Automobiles | 2.95% | 2.51% | 2.51% |
Maruti Suzuki India Ltd.INE585B01010 | Automobiles | 2.38% | 2.67% | 2.38% |
Looking for all 40 overlapping holdings?
This curated snapshot highlights the top 8 common stocks. Use our free, interactive Mutual Fund Overlap Calculator to inspect all common holdings, calculate your Effective Number of Stocks (ENS), and simulate custom rupee allocations (₹ or %).
Sector Allocation Breakdown
How both schemes allocate capital across key Indian economic sectors.
| Sector | Mirae (%) | ICICI (%) | Combined Weight (%) |
|---|---|---|---|
| Banks | 27.2% | 25.3% | 52.5% |
| Automobiles | 6.8% | 8.0% | 14.8% |
| Petroleum Products | 6.3% | 6.1% | 12.4% |
| Telecom - Services | 5.3% | 4.2% | 9.5% |
| Retailing | 5.2% | 3.7% | 8.9% |
| Insurance | 2.1% | 6.2% | 8.3% |
Frequently Asked Questions
What is the stock overlap between Mirae Asset Large Cap Fund and ICICI Prudential Large Cap Fund (erstwhile Bluechip Fund)?
Based on statutory AMFI monthly disclosures as of Sep 30, 2026, the portfolio overlap betweenMirae Asset Large Cap Fund and ICICI Prudential Large Cap Fund (erstwhile Bluechip Fund) is 62.8%. They hold 40 stocks in common.
Can I invest in both Mirae Asset Large Cap Fund and ICICI Prudential Large Cap Fund (erstwhile Bluechip Fund) simultaneously?
Mirae Asset Large Cap and ICICI Prudential Large Cap share over 60% overlap. Under SEBI rules, large-cap funds must allocate 80%+ to top 100 stocks, forcing fund managers into the same mega-cap names. Holding both funds generates redundant management fees for essentially the same portfolio.
Which fund has a lower expense ratio?
Mirae Asset Large Cap Fund charges a Total Expense Ratio (TER) of 0.76% (Direct Plan), whileICICI Prudential Large Cap Fund (erstwhile Bluechip Fund) charges 1.01% (Direct Plan).Mirae Asset Large Cap Fund is currently more cost-effective by 0.25%.
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