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19 of 82 unique stocks in common · Jaccard: 23.2%
A weighted portfolio overlap of 40.82% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.82 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 HDFC Bank, which commands a weight of 6.48% in HDFC Flexi Cap Fund and 7.00% in ICICI Prudential Equity Minimum Variance 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% | 7.00% |
| ICICI BankBanks | 8.83% | 4.72% |
| Axis BankBanks | 6.84% | 4.67% |
| State Bank of IndiaBanks | 4.22% | 6.59% |
| Kotak Mahindra BankBanks | 3.43% | 5.32% |
| Larsen & ToubroConstruction | 3.55% | 3.14% |
| HCL TechnologiesIT - Software | 2.47% | 2.18% |
| Reliance IndustriesPetroleum Products | 2.01% | 9.53% |
| Bajaj AutoAutomobiles | 1.78% | 3.58% |
| InterGlobe AviationTransport Services | 2.79% | 1.51% |
| InfosysIT - Software | 1.32% | 5.56% |
| Bharti AirtelTelecom - Services | 2.96% | 1.25% |
| Power Grid Corporation of IndiaPower | 2.51% | 0.79% |
| Britannia IndustriesFood Products | 0.77% | 2.49% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 0.62% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 3.25% |
| Oil & Natural Gas CorporationOil | 0.58% | 0.68% |
| CiplaPharmaceuticals & Biotechnology | 2.89% | 0.48% |
| TVS Motor CompanyAutomobiles | 0.29% | 0.57% |
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.