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30 of 116 unique stocks in common · Jaccard: 25.9%
A weighted portfolio overlap of 46.14% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹46.14 is allocated to the exact same companies at the same relative proportions. The schemes share 30 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 8.72% in ICICI Prudential Large Cap 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% | 8.72% |
| HDFC BankBanks | 6.48% | 8.46% |
| Axis BankBanks | 6.84% | 4.67% |
| Larsen & ToubroConstruction | 3.55% | 5.38% |
| Bharti AirtelTelecom - Services | 2.96% | 4.34% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 3.55% |
| Reliance IndustriesPetroleum Products | 2.01% | 5.41% |
| InterGlobe AviationTransport Services | 2.79% | 1.83% |
| InfosysIT - Software | 1.32% | 3.60% |
| Kotak Mahindra BankBanks | 3.43% | 1.21% |
| SBI Life Insurance CompanyInsurance | 3.76% | 1.09% |
| Power Grid Corporation of IndiaPower | 2.51% | 1.08% |
| State Bank of IndiaBanks | 4.22% | 1.02% |
| Hyundai Motor IndiaAutomobiles | 1.70% | 0.95% |
| Britannia IndustriesFood Products | 0.77% | 0.91% |
| United SpiritsBeverages | 0.72% | 0.97% |
| Eicher MotorsAutomobiles | 2.46% | 0.62% |
| Max Healthcare InstituteHealthcare Services | 1.38% | 0.59% |
| Oil & Natural Gas CorporationOil | 0.58% | 1.25% |
| EternalRetailing | 2.73% | 0.54% |
| HCL TechnologiesIT - Software | 2.47% | 0.47% |
| Tata SteelFerrous Metals | 1.30% | 0.43% |
| CiplaPharmaceuticals & Biotechnology | 2.89% | 0.33% |
| TVS Motor CompanyAutomobiles | 0.29% | 0.49% |
| Havells IndiaConsumer Durables | 0.57% | 0.28% |
| SwiggyRetailing | 0.27% | 0.42% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 0.19% |
| Bajaj AutoAutomobiles | 1.78% | 0.17% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 0.08% |
| Hexaware TechnologiesIT - Software | 0.03% | 0.07% |
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.