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9 of 124 unique stocks in common · Jaccard: 7.3%
A weighted portfolio overlap of 13.52% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.52 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 Mahindra & Mahindra, which commands a weight of 6.40% in HDFC Consumption Fund and 3.59% in HDFC Manufacturing Fund. Holding both schemes increases your concentration in Mahindra & Mahindra 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 HDFC Consumption | in HDFC Manufacturing |
|---|---|---|
| Mahindra & MahindraAutomobiles | 6.40% | 3.59% |
| Maruti Suzuki IndiaAutomobiles | 3.07% | 3.63% |
| Bajaj AutoAutomobiles | 2.13% | 2.43% |
| Godrej Consumer ProductsPersonal Products | 4.36% | 1.76% |
| Hyundai Motor IndiaAutomobiles | 1.09% | 1.56% |
| Dabur IndiaPersonal Products | 1.58% | 0.90% |
| Sona BLW Precision ForgingsAuto Components | 1.50% | 0.43% |
| Sedemac MechatronicsAuto Components | 2.18% | 0.35% |
| Godavari BiorefineriesDiversified FMCG | 0.20% | 0.49% |
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.