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16 of 85 unique stocks in common · Jaccard: 18.8%
A weighted portfolio overlap of 26.84% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.84 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 9.28% in DSP Business Cycle Fund and 4.96% in DSP Multicap Fund. Holding both schemes increases your concentration in HDFC 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 DSP Business | in DSP Multicap |
|---|---|---|
| HDFC BankBanks | 9.28% | 4.96% |
| Axis BankBanks | 7.19% | 4.06% |
| ICICI BankBanks | 8.48% | 3.83% |
| Hero MotoCorpAutomobiles | 2.57% | 2.51% |
| Schaeffler IndiaAuto Components | 1.66% | 1.78% |
| Mahindra & MahindraAutomobiles | 3.93% | 1.56% |
| Nippon Life India Asset ManagementCapital Markets | 1.20% | 2.27% |
| NTPCPower | 2.96% | 1.10% |
| Bayer CropscienceFertilizers & Agrochemicals | 1.04% | 1.42% |
| Max Financial ServicesInsurance | 1.04% | 2.60% |
| Info Edge (India)Retailing | 0.81% | 1.18% |
| Sudarshan Chemical IndustriesChemicals & Petrochemicals | 0.81% | 0.77% |
| Hindustan AeronauticsAerospace & Defense | 0.68% | 0.71% |
| SiemensElectrical Equipment | 0.68% | 1.26% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.67% | 1.99% |
| Bharat Petroleum CorporationPetroleum Products | 0.27% | 1.13% |
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.