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10 of 114 unique stocks in common · Jaccard: 8.8%
A weighted portfolio overlap of 15.43% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.43 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is Larsen & Toubro, which commands a weight of 3.55% in HDFC Flexi Cap Fund and 7.35% in ICICI Prudential Infrastructure Fund. Holding both schemes increases your concentration in Larsen & Toubro 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 |
|---|---|---|
| Larsen & ToubroConstruction | 3.55% | 7.35% |
| HDFC BankBanks | 6.48% | 2.99% |
| InterGlobe AviationTransport Services | 2.79% | 8.92% |
| Reliance IndustriesPetroleum Products | 2.01% | 2.26% |
| Axis BankBanks | 6.84% | 1.87% |
| Nuvoco Vistas CorporationCement & Cement Products | 0.60% | 1.48% |
| Kalpataru Projects InternationalConstruction | 0.59% | 3.13% |
| Oil & Natural Gas CorporationOil | 0.58% | 1.57% |
| CIE Automotive IndiaAuto Components | 0.44% | 0.87% |
| Power Grid Corporation of IndiaPower | 2.51% | 0.01% |
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.