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19 of 122 unique stocks in common · Jaccard: 15.6%
A weighted portfolio overlap of 40.41% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.41 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 8.83% in HDFC Flexi Cap Fund and 7.17% in ICICI Prudential Business Cycle 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 ICICI |
|---|---|---|
| ICICI BankBanks | 8.83% | 7.17% |
| HDFC BankBanks | 6.48% | 9.24% |
| Larsen & ToubroConstruction | 3.55% | 7.12% |
| Axis BankBanks | 6.84% | 3.41% |
| Kotak Mahindra BankBanks | 3.43% | 3.30% |
| Bharti AirtelTelecom - Services | 2.96% | 3.12% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 4.09% |
| Reliance IndustriesPetroleum Products | 2.01% | 5.46% |
| InterGlobe AviationTransport Services | 2.79% | 1.73% |
| SBI Life Insurance CompanyInsurance | 3.76% | 1.71% |
| Hyundai Motor IndiaAutomobiles | 1.70% | 1.84% |
| Bajaj AutoAutomobiles | 1.78% | 1.17% |
| Oil & Natural Gas CorporationOil | 0.58% | 0.80% |
| Prestige Estates ProjectsRealty | 0.45% | 1.61% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.34% | 0.67% |
| Britannia IndustriesFood Products | 0.77% | 0.31% |
| SwiggyRetailing | 0.27% | 0.34% |
| Hindustan Petroleum CorporationPetroleum Products | 0.25% | 0.36% |
| Bank of BarodaBanks | 0.69% | 0.11% |
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.