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32 of 165 unique stocks in common · Jaccard: 19.4%
A weighted portfolio overlap of 45.26% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹45.26 is allocated to the exact same companies at the same relative proportions. The schemes share 32 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 7.15% in ICICI Prudential Dividend Yield Equity 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% | 7.15% |
| ICICI BankBanks | 4.80% | 5.99% |
| Axis BankBanks | 3.74% | 4.63% |
| Larsen & ToubroConstruction | 2.69% | 3.13% |
| Bharti AirtelTelecom - Services | 2.56% | 2.83% |
| Reliance IndustriesPetroleum Products | 2.35% | 4.19% |
| Maruti Suzuki IndiaAutomobiles | 2.27% | 3.26% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.02% | 5.82% |
| NTPCPower | 2.00% | 4.09% |
| InfosysIT - Software | 1.72% | 1.85% |
| SBI Life Insurance CompanyInsurance | 1.96% | 1.44% |
| Tata Consultancy ServicesIT - Software | 1.33% | 2.29% |
| State Bank of IndiaBanks | 1.89% | 1.29% |
| Hindustan UnileverDiversified FMCG | 1.09% | 1.49% |
| Oil & Natural Gas CorporationOil | 1.09% | 1.50% |
| Cummins IndiaIndustrial Products | 0.99% | 2.47% |
| IndusInd BankBanks | 1.47% | 0.81% |
| Tech MahindraIT - Software | 2.12% | 0.78% |
| ITCDiversified FMCG | 1.18% | 0.74% |
| Ambuja CementsCement & Cement Products | 1.04% | 0.73% |
| Tata CommunicationsTelecom - Services | 0.70% | 1.39% |
| Kotak Mahindra BankBanks | 2.12% | 0.64% |
| HDFC Life Insurance CompanyInsurance | 0.63% | 0.62% |
| RECFinance | 0.60% | 1.85% |
| CESCPower | 0.97% | 0.48% |
| HCL TechnologiesIT - Software | 1.52% | 0.48% |
| Tata SteelFerrous Metals | 1.48% | 0.47% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.47% | 0.59% |
| SagilityIT - Services | 0.48% | 0.40% |
| Mahindra & MahindraAutomobiles | 0.38% | 0.54% |
| InterGlobe AviationTransport Services | 0.37% | 2.76% |
| NHPCPower | 0.55% | 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.