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34 of 182 unique stocks in common · Jaccard: 18.7%
A weighted portfolio overlap of 41.66% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹41.66 is allocated to the exact same companies at the same relative proportions. The schemes share 34 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 7.09% in ICICI Prudential ELSS Tax Saver 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% | 7.09% |
| ICICI BankBanks | 4.80% | 7.43% |
| Axis BankBanks | 3.74% | 6.21% |
| Larsen & ToubroConstruction | 2.69% | 4.90% |
| Bharti AirtelTelecom - Services | 2.56% | 2.51% |
| Reliance IndustriesPetroleum Products | 2.35% | 5.49% |
| Maruti Suzuki IndiaAutomobiles | 2.27% | 3.58% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.02% | 5.50% |
| NTPCPower | 2.00% | 3.70% |
| SBI Life Insurance CompanyInsurance | 1.96% | 1.91% |
| InfosysIT - Software | 1.72% | 1.85% |
| State Bank of IndiaBanks | 1.89% | 1.48% |
| Tata Consultancy ServicesIT - Software | 1.33% | 1.09% |
| PVR INOXEntertainment | 0.91% | 1.25% |
| Hindustan UnileverDiversified FMCG | 1.09% | 0.83% |
| Ambuja CementsCement & Cement Products | 1.04% | 0.83% |
| Oil & Natural Gas CorporationOil | 1.09% | 0.68% |
| RECFinance | 0.60% | 1.14% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.47% | 0.54% |
| IndusInd BankBanks | 1.47% | 0.44% |
| Mahindra & MahindraAutomobiles | 0.38% | 0.58% |
| InterGlobe AviationTransport Services | 0.37% | 1.27% |
| ITCDiversified FMCG | 1.18% | 0.37% |
| UPLFertilizers & Agrochemicals | 0.87% | 0.36% |
| Tech MahindraIT - Software | 2.12% | 0.30% |
| Star Health And Allied Insurance CompanyInsurance | 0.27% | 0.85% |
| SagilityIT - Services | 0.48% | 0.22% |
| Siemens Energy IndiaElectrical Equipment | 0.69% | 0.21% |
| BioconPharmaceuticals & Biotechnology | 0.56% | 0.17% |
| Apollo TyresAuto Components | 0.56% | 0.17% |
| Techno Electric & Engineering CompanyConstruction | 0.14% | 0.15% |
| Inox IndiaIndustrial Products | 0.19% | 0.13% |
| PNC InfratechConstruction | 0.29% | 0.06% |
| Kwality Walls IndiaFood Products | 0.01% | 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.