Loading fund overlap…
16 of 118 unique stocks in common · Jaccard: 13.6%
A weighted portfolio overlap of 32.64% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.64 is allocated to the exact same companies at the same relative proportions. The schemes share 16 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 5.73% in ICICI Prudential Exports and Services 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% | 5.73% |
| HDFC BankBanks | 6.48% | 5.19% |
| Larsen & ToubroConstruction | 3.55% | 3.91% |
| State Bank of IndiaBanks | 4.22% | 2.21% |
| Bharti AirtelTelecom - Services | 2.96% | 2.08% |
| Reliance IndustriesPetroleum Products | 2.01% | 3.80% |
| InterGlobe AviationTransport Services | 2.79% | 1.87% |
| Axis BankBanks | 6.84% | 1.65% |
| Bajaj AutoAutomobiles | 1.78% | 1.63% |
| HCL TechnologiesIT - Software | 2.47% | 1.44% |
| SBI Life Insurance CompanyInsurance | 3.76% | 1.37% |
| InfosysIT - Software | 1.32% | 7.11% |
| Kotak Mahindra BankBanks | 3.43% | 1.11% |
| EternalRetailing | 2.73% | 0.62% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 0.67% |
| TVS Motor CompanyAutomobiles | 0.29% | 1.08% |
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.