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27 of 166 unique stocks in common · Jaccard: 16.3%
A weighted portfolio overlap of 31.23% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.23 is allocated to the exact same companies at the same relative proportions. The schemes share 27 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.80% in HDFC Dividend Yield Fund and 4.44% in HDFC Infrastructure Fund. Holding both schemes increases your concentration in ICICI 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 Infrastructure |
|---|---|---|
| ICICI BankBanks | 4.80% | 4.44% |
| Larsen & ToubroConstruction | 2.69% | 7.17% |
| Reliance IndustriesPetroleum Products | 2.35% | 2.82% |
| Bharti AirtelTelecom - Services | 2.56% | 2.14% |
| NTPCPower | 2.00% | 3.80% |
| HDFC BankBanks | 5.18% | 1.87% |
| State Bank of IndiaBanks | 1.89% | 1.69% |
| Axis BankBanks | 3.74% | 1.51% |
| Tata SteelFerrous Metals | 1.48% | 2.17% |
| Coal IndiaConsumable Fuels | 1.31% | 2.49% |
| Oil & Natural Gas CorporationOil | 1.09% | 1.44% |
| Ambuja CementsCement & Cement Products | 1.04% | 1.78% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.98% | 1.33% |
| Power Finance CorporationFinance | 0.92% | 1.66% |
| Hindustan AeronauticsAerospace & Defense | 0.73% | 1.35% |
| TD Power SystemsElectrical Equipment | 0.73% | 2.89% |
| AIA EngineeringIndustrial Products | 0.72% | 1.28% |
| Bharat ElectronicsAerospace & Defense | 0.66% | 1.48% |
| GAIL (India)Gas | 0.59% | 1.00% |
| Blue Dart ExpressTransport Services | 0.55% | 0.99% |
| Indraprastha GasGas | 0.46% | 1.01% |
| InterGlobe AviationTransport Services | 0.37% | 3.06% |
| CESCPower | 0.97% | 0.30% |
| Gujarat Pipavav PortTransport Infrastructure | 0.17% | 1.09% |
| Voltamp TransformersElectrical Equipment | 0.17% | 1.26% |
| Afcons InfrastructureConstruction | 0.16% | 0.26% |
| Timken IndiaIndustrial Products | 0.11% | 0.76% |
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.