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14 of 134 unique stocks in common · Jaccard: 10.4%
A weighted portfolio overlap of 16.69% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.69 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 Larsen & Toubro, which commands a weight of 3.55% in HDFC Flexi Cap Fund and 4.43% in ICICI Prudential Manufacturing 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% | 4.43% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 2.26% |
| Reliance IndustriesPetroleum Products | 2.01% | 2.84% |
| Bajaj AutoAutomobiles | 1.78% | 3.32% |
| JSW SteelFerrous Metals | 1.72% | 3.16% |
| Hyundai Motor IndiaAutomobiles | 1.70% | 3.09% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 1.05% |
| Varroc EngineeringAuto Components | 0.60% | 0.59% |
| CiplaPharmaceuticals & Biotechnology | 2.89% | 0.50% |
| United SpiritsBeverages | 0.72% | 0.44% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.40% | 0.85% |
| Kalpataru Projects InternationalConstruction | 0.59% | 0.27% |
| Escorts KubotaAgricultural, Commercial & Construction Vehicles | 0.34% | 0.22% |
| Piramal PharmaPharmaceuticals & Biotechnology | 1.53% | 0.20% |
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.