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10 of 85 unique stocks in common · Jaccard: 11.8%
A weighted portfolio overlap of 20.7% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.7 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 4.22% in HDFC Flexi Cap Fund and 5.04% in ICICI Prudential Nifty 200 Momentum 30 Index Fund. Holding both schemes increases your concentration in State Bank of 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 |
|---|---|---|
| State Bank of IndiaBanks | 4.22% | 5.04% |
| SBI Life Insurance CompanyInsurance | 3.76% | 3.49% |
| Bharti AirtelTelecom - Services | 2.96% | 4.38% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 3.99% |
| InterGlobe AviationTransport Services | 2.79% | 3.63% |
| Eicher MotorsAutomobiles | 2.46% | 4.95% |
| FSN E-Commerce VenturesRetailing | 0.80% | 2.01% |
| BSECapital Markets | 0.44% | 6.00% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.34% | 2.10% |
| TVS Motor CompanyAutomobiles | 0.29% | 4.08% |
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.