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11 of 82 unique stocks in common · Jaccard: 13.4%
A weighted portfolio overlap of 29.8% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.8 is allocated to the exact same companies at the same relative proportions. The schemes share 11 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 8.07% in ICICI Prudential Focused Equity 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% | 8.07% |
| Axis BankBanks | 6.84% | 6.68% |
| HDFC BankBanks | 6.48% | 4.95% |
| Bharti AirtelTelecom - Services | 2.96% | 3.70% |
| EternalRetailing | 2.73% | 2.66% |
| Max Healthcare InstituteHealthcare Services | 1.38% | 2.90% |
| InfosysIT - Software | 1.32% | 2.41% |
| Britannia IndustriesFood Products | 0.77% | 4.26% |
| Prestige Estates ProjectsRealty | 0.45% | 2.41% |
| TVS Motor CompanyAutomobiles | 0.29% | 5.21% |
| SwiggyRetailing | 0.27% | 2.85% |
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.