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28 of 164 unique stocks in common · Jaccard: 17.1%
A weighted portfolio overlap of 42.33% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.33 is allocated to the exact same companies at the same relative proportions. The schemes share 28 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.18% in HDFC Dividend Yield 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 HDFC Dividend | in HDFC Flexi |
|---|---|---|
| HDFC BankBanks | 5.18% | 6.48% |
| ICICI BankBanks | 4.80% | 8.83% |
| Axis BankBanks | 3.74% | 6.84% |
| Larsen & ToubroConstruction | 2.69% | 3.55% |
| Bharti AirtelTelecom - Services | 2.56% | 2.96% |
| Maruti Suzuki IndiaAutomobiles | 2.27% | 2.91% |
| Kotak Mahindra BankBanks | 2.12% | 3.43% |
| Reliance IndustriesPetroleum Products | 2.35% | 2.01% |
| SBI Life Insurance CompanyInsurance | 1.96% | 3.76% |
| State Bank of IndiaBanks | 1.89% | 4.22% |
| Bajaj AutoAutomobiles | 1.96% | 1.78% |
| HCL TechnologiesIT - Software | 1.52% | 2.47% |
| Eicher MotorsAutomobiles | 1.48% | 2.46% |
| InfosysIT - Software | 1.72% | 1.32% |
| Tata SteelFerrous Metals | 1.48% | 1.30% |
| CiplaPharmaceuticals & Biotechnology | 1.09% | 2.89% |
| Aster DM HealthcareHealthcare Services | 1.24% | 0.64% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.98% | 0.58% |
| Oil & Natural Gas CorporationOil | 1.09% | 0.58% |
| BoschAuto Components | 0.52% | 1.10% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.48% | 1.18% |
| CyientIT - Services | 0.40% | 0.49% |
| LupinPharmaceuticals & Biotechnology | 0.40% | 0.74% |
| InterGlobe AviationTransport Services | 0.37% | 2.79% |
| Anthem BiosciencesPharmaceuticals & Biotechnology | 0.25% | 0.57% |
| Hindustan Petroleum CorporationPetroleum Products | 1.02% | 0.25% |
| BirlasoftIT - Software | 0.14% | 0.13% |
| Bharat ElectronicsAerospace & Defense | 0.66% | 0.02% |
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.