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19 of 149 unique stocks in common · Jaccard: 12.8%
A weighted portfolio overlap of 28.86% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.86 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.80% in HDFC Dividend Yield Fund and 4.78% in Tata Aggressive Hybrid Fund. Holding both schemes increases your concentration in ICICI 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 Tata |
|---|---|---|
| ICICI BankBanks | 4.80% | 4.78% |
| Larsen & ToubroConstruction | 2.69% | 2.77% |
| Bharti AirtelTelecom - Services | 2.56% | 4.97% |
| Reliance IndustriesPetroleum Products | 2.35% | 2.87% |
| Kotak Mahindra BankBanks | 2.12% | 2.59% |
| Axis BankBanks | 3.74% | 2.10% |
| Maruti Suzuki IndiaAutomobiles | 2.27% | 2.06% |
| InfosysIT - Software | 1.72% | 2.61% |
| State Bank of IndiaBanks | 1.89% | 1.57% |
| HDFC BankBanks | 5.18% | 1.42% |
| ITCDiversified FMCG | 1.18% | 1.95% |
| Hindustan UnileverDiversified FMCG | 1.09% | 1.58% |
| Hindustan AeronauticsAerospace & Defense | 0.73% | 1.46% |
| Tata CommunicationsTelecom - Services | 0.70% | 1.60% |
| RBL BankBanks | 0.61% | 2.34% |
| Mahindra & MahindraAutomobiles | 0.38% | 2.15% |
| InterGlobe AviationTransport Services | 0.37% | 1.56% |
| PNC InfratechConstruction | 0.29% | 0.74% |
| Epack DurableConsumer Durables | 0.14% | 0.58% |
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.