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15 of 174 unique stocks in common · Jaccard: 8.6%
A weighted portfolio overlap of 20.59% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.59 is allocated to the exact same companies at the same relative proportions. The schemes share 15 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 3.55% in SBI MultiCap 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% | 3.55% |
| ICICI BankBanks | 4.80% | 2.94% |
| Bharti AirtelTelecom - Services | 2.56% | 2.71% |
| Reliance IndustriesPetroleum Products | 2.35% | 3.19% |
| Kotak Mahindra BankBanks | 2.12% | 3.88% |
| Axis BankBanks | 3.74% | 1.97% |
| InfosysIT - Software | 1.72% | 1.45% |
| Tata SteelFerrous Metals | 1.48% | 1.31% |
| BioconPharmaceuticals & Biotechnology | 0.56% | 2.04% |
| Bajaj FinservFinance | 0.48% | 2.88% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.48% | 2.65% |
| Asian PaintsConsumer Durables | 0.45% | 3.00% |
| Electronics Mart IndiaRetailing | 0.17% | 0.32% |
| Stanley LifestylesConsumer Durables | 0.11% | 0.14% |
| Sai Silks (Kalamandir)Retailing | 0.09% | 0.26% |
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.