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8 of 111 unique stocks in common · Jaccard: 7.2%
A weighted portfolio overlap of 9.46% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.46 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is Maruti Suzuki India, which commands a weight of 2.91% in HDFC Flexi Cap Fund and 5.71% in ICICI Prudential MNC Fund. Holding both schemes increases your concentration in Maruti Suzuki India 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 |
|---|---|---|
| Maruti Suzuki IndiaAutomobiles | 2.91% | 5.71% |
| Hyundai Motor IndiaAutomobiles | 1.70% | 2.64% |
| InfosysIT - Software | 1.32% | 1.31% |
| CiplaPharmaceuticals & Biotechnology | 2.89% | 1.03% |
| Britannia IndustriesFood Products | 0.77% | 5.10% |
| United SpiritsBeverages | 0.72% | 1.92% |
| Kalpataru Projects InternationalConstruction | 0.59% | 2.14% |
| CIE Automotive IndiaAuto Components | 0.44% | 2.68% |
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.