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15 of 91 unique stocks in common · Jaccard: 16.5%
A weighted portfolio overlap of 37.89% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.89 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.48% in DSP Business Cycle Fund 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 DSP | in HDFC |
|---|---|---|
| ICICI BankBanks | 8.48% | 8.83% |
| Axis BankBanks | 7.19% | 6.84% |
| HDFC BankBanks | 9.28% | 6.48% |
| Larsen & ToubroConstruction | 4.23% | 3.55% |
| Bharti AirtelTelecom - Services | 3.11% | 2.96% |
| Maruti Suzuki IndiaAutomobiles | 2.94% | 2.91% |
| Reliance IndustriesPetroleum Products | 3.27% | 2.01% |
| Hyundai Motor IndiaAutomobiles | 1.57% | 1.70% |
| State Bank of IndiaBanks | 0.84% | 4.22% |
| SBI Life Insurance CompanyInsurance | 0.76% | 3.76% |
| InterGlobe AviationTransport Services | 0.74% | 2.79% |
| TVS Motor CompanyAutomobiles | 0.68% | 0.29% |
| Hindustan Petroleum CorporationPetroleum Products | 0.26% | 0.25% |
| Kalpataru Projects InternationalConstruction | 0.16% | 0.59% |
| Nippon Life India Asset ManagementCapital Markets | 1.20% | 0.05% |
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.