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23 of 173 unique stocks in common · Jaccard: 13.3%
A weighted portfolio overlap of 37.67% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.67 is allocated to the exact same companies at the same relative proportions. The schemes share 23 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 5.19% in ICICI Prudential Exports and Services 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% | 5.19% |
| ICICI BankBanks | 4.80% | 5.73% |
| Larsen & ToubroConstruction | 2.69% | 3.91% |
| Reliance IndustriesPetroleum Products | 2.35% | 3.80% |
| Bharti AirtelTelecom - Services | 2.56% | 2.08% |
| NTPCPower | 2.00% | 3.22% |
| State Bank of IndiaBanks | 1.89% | 2.21% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.02% | 1.81% |
| InfosysIT - Software | 1.72% | 7.11% |
| Axis BankBanks | 3.74% | 1.65% |
| Bajaj AutoAutomobiles | 1.96% | 1.63% |
| HCL TechnologiesIT - Software | 1.52% | 1.44% |
| Tech MahindraIT - Software | 2.12% | 1.37% |
| SBI Life Insurance CompanyInsurance | 1.96% | 1.37% |
| Kotak Mahindra BankBanks | 2.12% | 1.11% |
| Info Edge (India)Retailing | 1.28% | 0.99% |
| Tata Consultancy ServicesIT - Software | 1.33% | 0.73% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.98% | 0.67% |
| HDFC Life Insurance CompanyInsurance | 0.63% | 1.10% |
| Bajaj FinservFinance | 0.48% | 1.66% |
| Mahindra & MahindraAutomobiles | 0.38% | 0.69% |
| InterGlobe AviationTransport Services | 0.37% | 1.87% |
| Mahindra Holidays & Resorts InLeisure Services | 0.35% | 0.61% |
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.