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13 of 120 unique stocks in common · Jaccard: 10.8%
A weighted portfolio overlap of 23.48% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.48 is allocated to the exact same companies at the same relative proportions. The schemes share 13 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 6.88% in ICICI Prudential Children’s 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% | 6.88% |
| State Bank of IndiaBanks | 4.22% | 3.43% |
| HCL TechnologiesIT - Software | 2.47% | 2.84% |
| Axis BankBanks | 6.84% | 2.28% |
| Kotak Mahindra BankBanks | 3.43% | 2.18% |
| Reliance IndustriesPetroleum Products | 2.01% | 8.45% |
| InfosysIT - Software | 1.32% | 3.30% |
| Power Grid Corporation of IndiaPower | 2.51% | 1.03% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 0.64% |
| InterGlobe AviationTransport Services | 2.79% | 0.63% |
| CyientIT - Services | 0.49% | 0.71% |
| The Ramco CementsCement & Cement Products | 0.34% | 0.39% |
| EternalRetailing | 2.73% | 0.18% |
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.