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19 of 126 unique stocks in common · Jaccard: 15.1%
A weighted portfolio overlap of 35.96% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.96 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 6.73% in ICICI Prudential India Opportunities 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% | 6.73% |
| ICICI BankBanks | 8.83% | 5.33% |
| Axis BankBanks | 6.84% | 4.88% |
| Larsen & ToubroConstruction | 3.55% | 3.24% |
| Bharti AirtelTelecom - Services | 2.96% | 3.06% |
| SBI Life Insurance CompanyInsurance | 3.76% | 2.65% |
| Reliance IndustriesPetroleum Products | 2.01% | 3.57% |
| State Bank of IndiaBanks | 4.22% | 1.63% |
| InterGlobe AviationTransport Services | 2.79% | 1.57% |
| InfosysIT - Software | 1.32% | 6.00% |
| Britannia IndustriesFood Products | 0.77% | 1.81% |
| Kalpataru Projects InternationalConstruction | 0.59% | 0.74% |
| Oil & Natural Gas CorporationOil | 0.58% | 0.93% |
| EternalRetailing | 2.73% | 0.50% |
| CiplaPharmaceuticals & Biotechnology | 2.89% | 0.41% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 0.32% |
| CIE Automotive IndiaAuto Components | 0.44% | 0.28% |
| SwiggyRetailing | 0.27% | 0.31% |
| CyientIT - Services | 0.49% | 0.17% |
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.