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31 of 138 unique stocks in common · Jaccard: 22.5%
A weighted portfolio overlap of 45.47% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹45.47 is allocated to the exact same companies at the same relative proportions. The schemes share 31 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.70% in Back to Index and 8.83% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in ICICI Bank 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 |
|---|---|---|
| ICICI BankBanks | 6.70% | 8.83% |
| HDFC BankBanks | 8.77% | 6.48% |
| Larsen & ToubroConstruction | 3.50% | 3.55% |
| State Bank of IndiaBanks | 3.29% | 4.22% |
| Bharti AirtelTelecom - Services | 4.30% | 2.96% |
| Axis BankBanks | 2.70% | 6.84% |
| Kotak Mahindra BankBanks | 2.09% | 3.43% |
| Reliance IndustriesPetroleum Products | 7.17% | 2.01% |
| EternalRetailing | 1.32% | 2.73% |
| InfosysIT - Software | 3.08% | 1.32% |
| Tata SteelFerrous Metals | 1.30% | 1.30% |
| Maruti Suzuki IndiaAutomobiles | 1.29% | 2.91% |
| Power Grid Corporation of IndiaPower | 1.07% | 2.51% |
| HCL TechnologiesIT - Software | 0.94% | 2.47% |
| JSW SteelFerrous Metals | 0.88% | 1.72% |
| Bajaj AutoAutomobiles | 0.83% | 1.78% |
| Eicher MotorsAutomobiles | 0.72% | 2.46% |
| InterGlobe AviationTransport Services | 0.72% | 2.79% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.61% | 1.18% |
| SBI Life Insurance CompanyInsurance | 0.61% | 3.76% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.59% | 0.58% |
| Oil & Natural Gas CorporationOil | 0.86% | 0.58% |
| CiplaPharmaceuticals & Biotechnology | 0.55% | 2.89% |
| Max Healthcare InstituteHealthcare Services | 0.55% | 1.38% |
| Britannia IndustriesFood Products | 0.50% | 0.77% |
| Bank of BarodaBanks | 0.36% | 0.69% |
| TVS Motor CompanyAutomobiles | 0.61% | 0.29% |
| United SpiritsBeverages | 0.29% | 0.72% |
| BoschAuto Components | 0.22% | 1.10% |
| Hyundai Motor IndiaAutomobiles | 0.19% | 1.70% |
| Bharat ElectronicsAerospace & Defense | 1.15% | 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.