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13 of 113 unique stocks in common · Jaccard: 11.5%
A weighted portfolio overlap of 17.03% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.03 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is Bharti Airtel, which commands a weight of 5.28% in HDFC Consumption Fund and 3.12% in ICICI Prudential Business Cycle Fund. Holding both schemes increases your concentration in Bharti Airtel 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 | in ICICI |
|---|---|---|
| Bharti AirtelTelecom - Services | 5.28% | 3.12% |
| Maruti Suzuki IndiaAutomobiles | 3.07% | 4.09% |
| Asian PaintsConsumer Durables | 3.30% | 2.24% |
| Mahindra & MahindraAutomobiles | 6.40% | 1.83% |
| InterGlobe AviationTransport Services | 1.19% | 1.73% |
| Bajaj AutoAutomobiles | 2.13% | 1.17% |
| Hyundai Motor IndiaAutomobiles | 1.09% | 1.84% |
| Hero MotoCorpAutomobiles | 1.00% | 2.07% |
| TrentRetailing | 2.85% | 0.68% |
| Hindustan UnileverDiversified FMCG | 8.24% | 0.51% |
| Godrej Consumer ProductsPersonal Products | 4.36% | 0.46% |
| Info Edge (India)Retailing | 0.37% | 0.96% |
| Britannia IndustriesFood Products | 2.76% | 0.31% |
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.