Loading fund overlap…
16 of 123 unique stocks in common · Jaccard: 13%
A weighted portfolio overlap of 15.56% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.56 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 Maruti Suzuki India, which commands a weight of 3.07% in HDFC Consumption Fund and 3.58% in ICICI Prudential ELSS Tax Saver Fund. Holding both schemes increases your concentration in Maruti Suzuki India 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 |
|---|---|---|
| Maruti Suzuki IndiaAutomobiles | 3.07% | 3.58% |
| Bharti AirtelTelecom - Services | 5.28% | 2.51% |
| TVS Motor CompanyAutomobiles | 2.46% | 3.86% |
| EternalRetailing | 9.35% | 1.58% |
| InterGlobe AviationTransport Services | 1.19% | 1.27% |
| Hindustan UnileverDiversified FMCG | 8.24% | 0.83% |
| Chalet HotelsLeisure Services | 2.40% | 0.80% |
| Leela Palaces Hotels & ResortsLeisure Services | 1.09% | 0.59% |
| Mahindra & MahindraAutomobiles | 6.40% | 0.58% |
| TrentRetailing | 2.85% | 0.55% |
| Hyundai Motor IndiaAutomobiles | 1.09% | 0.51% |
| Sapphire Foods IndiaLeisure Services | 0.58% | 0.31% |
| Brainbees SolutionsRetailing | 0.97% | 0.25% |
| Godavari BiorefineriesDiversified FMCG | 0.20% | 0.42% |
| Sona BLW Precision ForgingsAuto Components | 1.50% | 0.13% |
| Kwality Walls IndiaFood Products | 0.10% | 0.01% |
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.