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7 of 103 unique stocks in common · Jaccard: 6.8%
A weighted portfolio overlap of 8.9% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.9 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Bharti Airtel, which commands a weight of 2.96% in HDFC Flexi Cap Fund and 1.79% in ICICI Prudential Conglomerate Fund. Holding both schemes increases your concentration in Bharti Airtel 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 |
|---|---|---|
| Bharti AirtelTelecom - Services | 2.96% | 1.79% |
| Bajaj AutoAutomobiles | 1.78% | 2.27% |
| JSW SteelFerrous Metals | 1.72% | 3.80% |
| Piramal PharmaPharmaceuticals & Biotechnology | 1.53% | 1.69% |
| Tata SteelFerrous Metals | 1.30% | 2.16% |
| CyientIT - Services | 0.49% | 0.55% |
| TVS Motor CompanyAutomobiles | 0.29% | 3.40% |
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.