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14 of 119 unique stocks in common · Jaccard: 11.8%
A weighted portfolio overlap of 21.49% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.49 is allocated to the exact same companies at the same relative proportions. The schemes share 14 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 4.61% in ICICI Prudential Innovation 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% | 4.61% |
| Axis BankBanks | 6.84% | 3.06% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 4.61% |
| EternalRetailing | 2.73% | 2.54% |
| Bharti AirtelTelecom - Services | 2.96% | 2.02% |
| Max Healthcare InstituteHealthcare Services | 1.38% | 1.45% |
| Larsen & ToubroConstruction | 3.55% | 1.34% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 1.40% |
| Hyundai Motor IndiaAutomobiles | 1.70% | 0.70% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 1.41% |
| Oil & Natural Gas CorporationOil | 0.58% | 0.88% |
| TVS Motor CompanyAutomobiles | 0.29% | 2.63% |
| SwiggyRetailing | 0.27% | 1.99% |
| Hexaware TechnologiesIT - Software | 0.03% | 2.01% |
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.