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12 of 105 unique stocks in common · Jaccard: 11.4%
A weighted portfolio overlap of 19.05% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.05 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.48% in HDFC Flexi Cap Fund and 3.92% in ICICI Prudential Active Momentum 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 ICICI |
|---|---|---|
| HDFC BankBanks | 6.48% | 3.92% |
| Larsen & ToubroConstruction | 3.55% | 3.19% |
| Axis BankBanks | 6.84% | 2.46% |
| Kotak Mahindra BankBanks | 3.43% | 2.38% |
| Power Grid Corporation of IndiaPower | 2.51% | 1.81% |
| Bajaj AutoAutomobiles | 1.78% | 2.45% |
| Tata SteelFerrous Metals | 1.30% | 3.13% |
| FSN E-Commerce VenturesRetailing | 0.80% | 2.15% |
| Britannia IndustriesFood Products | 0.77% | 1.41% |
| Oil & Natural Gas CorporationOil | 0.58% | 1.79% |
| Nippon Life India Asset ManagementCapital Markets | 0.05% | 2.48% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 1.78% |
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.