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21 of 174 unique stocks in common · Jaccard: 12.1%
A weighted portfolio overlap of 23.59% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.59 is allocated to the exact same companies at the same relative proportions. The schemes share 21 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 6.88% in ICICI Prudential Children’s 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 | in ICICI |
|---|---|---|
| HDFC BankBanks | 5.18% | 6.88% |
| Reliance IndustriesPetroleum Products | 2.35% | 8.45% |
| Axis BankBanks | 3.74% | 2.28% |
| Kotak Mahindra BankBanks | 2.12% | 2.18% |
| State Bank of IndiaBanks | 1.89% | 3.43% |
| InfosysIT - Software | 1.72% | 3.30% |
| HCL TechnologiesIT - Software | 1.52% | 2.84% |
| Tata Consultancy ServicesIT - Software | 1.33% | 1.60% |
| Hindustan UnileverDiversified FMCG | 1.09% | 1.41% |
| RHI Magnesita IndiaIndustrial Products | 0.69% | 0.81% |
| ITCDiversified FMCG | 1.18% | 0.61% |
| Bajaj FinservFinance | 0.48% | 2.41% |
| CyientIT - Services | 0.40% | 0.71% |
| LupinPharmaceuticals & Biotechnology | 0.40% | 0.64% |
| InterGlobe AviationTransport Services | 0.37% | 0.63% |
| SKF IndiaAuto Components | 0.27% | 0.54% |
| SKF India (Industrial)Industrial Products | 0.36% | 0.23% |
| Godrej Consumer ProductsPersonal Products | 0.55% | 0.22% |
| Voltamp TransformersElectrical Equipment | 0.17% | 0.25% |
| Chambal Fertilizers & ChemicalsFertilizers & Agrochemicals | 0.15% | 0.50% |
| Timken IndiaIndustrial Products | 0.11% | 1.78% |
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.