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39 of 173 unique stocks in common · Jaccard: 22.5%
A weighted portfolio overlap of 34.8% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹34.8 is allocated to the exact same companies at the same relative proportions. The schemes share 39 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 4.04% in SBI Balanced Advantage 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 SBI |
|---|---|---|
| HDFC BankBanks | 5.18% | 4.04% |
| ICICI BankBanks | 4.80% | 3.39% |
| Larsen & ToubroConstruction | 2.69% | 2.91% |
| Reliance IndustriesPetroleum Products | 2.35% | 4.98% |
| Tech MahindraIT - Software | 2.12% | 2.00% |
| Axis BankBanks | 3.74% | 1.91% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.02% | 1.65% |
| Tata SteelFerrous Metals | 1.48% | 2.07% |
| Bharti AirtelTelecom - Services | 2.56% | 1.42% |
| HCL TechnologiesIT - Software | 1.52% | 1.26% |
| ITCDiversified FMCG | 1.18% | 1.40% |
| Kotak Mahindra BankBanks | 2.12% | 1.01% |
| CESCPower | 0.97% | 1.66% |
| Maruti Suzuki IndiaAutomobiles | 2.27% | 0.92% |
| Oil & Natural Gas CorporationOil | 1.09% | 0.77% |
| CiplaPharmaceuticals & Biotechnology | 1.09% | 0.74% |
| State Bank of IndiaBanks | 1.89% | 0.74% |
| Cummins IndiaIndustrial Products | 0.99% | 0.69% |
| GAIL (India)Gas | 0.59% | 2.44% |
| BioconPharmaceuticals & Biotechnology | 0.56% | 1.37% |
| Bajaj FinservFinance | 0.48% | 0.48% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.47% | 0.99% |
| Asian PaintsConsumer Durables | 0.45% | 1.15% |
| Tata Motors Passenger VehiclesAutomobiles | 0.42% | 2.19% |
| Mahindra & MahindraAutomobiles | 0.38% | 1.64% |
| WiproIT - Software | 0.66% | 0.35% |
| Coal IndiaConsumable Fuels | 1.31% | 0.25% |
| UPLFertilizers & Agrochemicals | 0.87% | 0.25% |
| Tata Consultancy ServicesIT - Software | 1.33% | 0.24% |
| Hindustan UnileverDiversified FMCG | 1.09% | 0.22% |
| LupinPharmaceuticals & Biotechnology | 0.40% | 0.16% |
| Nestle IndiaFood Products | 0.81% | 0.15% |
| Hindustan Petroleum CorporationPetroleum Products | 1.02% | 0.14% |
| IndusInd BankBanks | 1.47% | 0.13% |
| SBI Life Insurance CompanyInsurance | 1.96% | 0.13% |
| InfosysIT - Software | 1.72% | 0.11% |
| Go Fashion IndiaRetailing | 0.14% | 0.07% |
| Bharat ElectronicsAerospace & Defense | 0.66% | 0.02% |
| HDFC Life Insurance CompanyInsurance | 0.63% | 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.