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23 of 163 unique stocks in common · Jaccard: 14.1%
A weighted portfolio overlap of 29.95% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.95 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 5.32% in Lic Mf Dividend Yield 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 Lic |
|---|---|---|
| HDFC BankBanks | 5.18% | 5.32% |
| ICICI BankBanks | 4.80% | 3.67% |
| Axis BankBanks | 3.74% | 2.88% |
| Kotak Mahindra BankBanks | 2.12% | 2.20% |
| NTPCPower | 2.00% | 2.63% |
| Bajaj AutoAutomobiles | 1.96% | 1.70% |
| Tata Consultancy ServicesIT - Software | 1.33% | 2.72% |
| Maruti Suzuki IndiaAutomobiles | 2.27% | 1.21% |
| Bharti AirtelTelecom - Services | 2.56% | 1.18% |
| Hindustan UnileverDiversified FMCG | 1.09% | 1.59% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.02% | 1.00% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.98% | 2.15% |
| Cholamandalam Financial HoldingsFinance | 0.80% | 1.37% |
| Hindustan AeronauticsAerospace & Defense | 0.73% | 1.14% |
| Tata CommunicationsTelecom - Services | 0.70% | 1.90% |
| RHI Magnesita IndiaIndustrial Products | 0.69% | 0.90% |
| Bharat ElectronicsAerospace & Defense | 0.66% | 2.48% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.47% | 1.20% |
| Tata Motors Passenger VehiclesAutomobiles | 0.42% | 1.76% |
| Mahindra & MahindraAutomobiles | 0.38% | 1.25% |
| InterGlobe AviationTransport Services | 0.37% | 1.96% |
| Anthem BiosciencesPharmaceuticals & Biotechnology | 0.25% | 1.27% |
| Techno Electric & Engineering CompanyConstruction | 0.14% | 1.48% |
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.