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9 of 116 unique stocks in common · Jaccard: 7.8%
A weighted portfolio overlap of 16.78% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.78 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 HDFC Bank, which commands a weight of 4.96% in DSP Multicap Fund and 6.48% in HDFC Flexi Cap 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 | in HDFC |
|---|---|---|
| HDFC BankBanks | 4.96% | 6.48% |
| Axis BankBanks | 4.06% | 6.84% |
| ICICI BankBanks | 3.83% | 8.83% |
| CiplaPharmaceuticals & Biotechnology | 2.38% | 2.89% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.25% | 0.58% |
| CyientIT - Services | 1.34% | 0.49% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.77% | 0.40% |
| Nippon Life India Asset ManagementCapital Markets | 2.27% | 0.05% |
| Hexaware TechnologiesIT - Software | 0.90% | 0.03% |
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.