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20 of 134 unique stocks in common · Jaccard: 14.9%
A weighted portfolio overlap of 40.91% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.91 is allocated to the exact same companies at the same relative proportions. The schemes share 20 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 7.43% in ICICI Prudential ELSS Tax Saver 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% | 7.43% |
| HDFC BankBanks | 6.48% | 7.09% |
| Axis BankBanks | 6.84% | 6.21% |
| Larsen & ToubroConstruction | 3.55% | 4.90% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 3.58% |
| Bharti AirtelTelecom - Services | 2.96% | 2.51% |
| Reliance IndustriesPetroleum Products | 2.01% | 5.49% |
| SBI Life Insurance CompanyInsurance | 3.76% | 1.91% |
| EternalRetailing | 2.73% | 1.58% |
| State Bank of IndiaBanks | 4.22% | 1.48% |
| InfosysIT - Software | 1.32% | 1.85% |
| InterGlobe AviationTransport Services | 2.79% | 1.27% |
| Oil & Natural Gas CorporationOil | 0.58% | 0.68% |
| Hyundai Motor IndiaAutomobiles | 1.70% | 0.51% |
| Sapphire Foods IndiaLeisure Services | 0.36% | 0.31% |
| TVS Motor CompanyAutomobiles | 0.29% | 3.86% |
| FSN E-Commerce VenturesRetailing | 0.80% | 0.23% |
| Havells IndiaConsumer Durables | 0.57% | 0.17% |
| Varroc EngineeringAuto Components | 0.60% | 0.12% |
| SwiggyRetailing | 0.27% | 0.05% |
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.