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6 of 154 unique stocks in common · Jaccard: 3.9%
A weighted portfolio overlap of 4.73% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹4.73 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Larsen & Toubro, which commands a weight of 2.69% in HDFC Dividend Yield Fund and 4.75% in Mirae Asset BSE India Defence ETF. Holding both schemes increases your concentration in Larsen & Toubro 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 Mirae |
|---|---|---|
| Larsen & ToubroConstruction | 2.69% | 4.75% |
| Hindustan AeronauticsAerospace & Defense | 0.73% | 14.40% |
| Bharat ElectronicsAerospace & Defense | 0.66% | 12.13% |
| Mahindra & MahindraAutomobiles | 0.38% | 4.28% |
| DCX SystemsAerospace & Defense | 0.15% | 0.32% |
| BEMLAgricultural, Commercial & Construction Vehicles | 0.12% | 0.43% |
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.