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9 of 110 unique stocks in common · Jaccard: 8.2%
A weighted portfolio overlap of 7.18% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹7.18 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 1.97% in Back to Index and 4.22% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in State Bank of India rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Back | in HDFC |
|---|---|---|
| State Bank of IndiaBanks | 1.97% | 4.22% |
| Eicher MotorsAutomobiles | 1.78% | 2.46% |
| SBI Life Insurance CompanyInsurance | 1.04% | 3.76% |
| FSN E-Commerce VenturesRetailing | 1.86% | 0.80% |
| Maruti Suzuki IndiaAutomobiles | 0.50% | 2.91% |
| BSECapital Markets | 2.10% | 0.44% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 2.33% | 0.34% |
| TVS Motor CompanyAutomobiles | 1.83% | 0.29% |
| Bharat ElectronicsAerospace & Defense | 2.12% | 0.02% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.