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20 of 204 unique stocks in common · Jaccard: 9.8%
A weighted portfolio overlap of 11.99% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.99 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is InterGlobe Aviation, which commands a weight of 2.79% in HDFC Flexi Cap Fund and 2.03% in ICICI Prudential Multicap Fund. Holding both schemes increases your concentration in InterGlobe Aviation 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 |
|---|---|---|
| InterGlobe AviationTransport Services | 2.79% | 2.03% |
| JSW SteelFerrous Metals | 1.72% | 1.63% |
| PB FintechFinancial Technology (Fintech) | 1.18% | 1.73% |
| Tata SteelFerrous Metals | 1.30% | 1.13% |
| Bajaj AutoAutomobiles | 1.78% | 0.91% |
| Larsen & ToubroConstruction | 3.55% | 0.64% |
| Lenskart SolutionsRetailing | 0.51% | 0.56% |
| CyientIT - Services | 0.49% | 0.55% |
| Prestige Estates ProjectsRealty | 0.45% | 0.65% |
| BSECapital Markets | 0.44% | 3.62% |
| CIE Automotive IndiaAuto Components | 0.44% | 0.50% |
| Piramal PharmaPharmaceuticals & Biotechnology | 1.53% | 0.41% |
| Bharti AirtelTelecom - Services | 2.96% | 0.36% |
| Dixon Technologies (India)Consumer Durables | 0.36% | 0.33% |
| TVS Motor CompanyAutomobiles | 0.29% | 0.87% |
| Eicher MotorsAutomobiles | 2.46% | 0.27% |
| Hindustan Petroleum CorporationPetroleum Products | 0.25% | 1.13% |
| BirlasoftIT - Software | 0.13% | 0.42% |
| Escorts KubotaAgricultural, Commercial & Construction Vehicles | 0.34% | 0.06% |
| Nippon Life India Asset ManagementCapital Markets | 0.05% | 0.84% |
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.