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7 of 103 unique stocks in common · Jaccard: 6.8%
A weighted portfolio overlap of 9.41% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.41 is allocated to the exact same companies at the same relative proportions. The schemes share 7 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 14.22% in ICICI Prudential PSU Equity 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% | 14.22% |
| Power Grid Corporation of IndiaPower | 2.51% | 6.89% |
| SBI Life Insurance CompanyInsurance | 3.76% | 1.16% |
| Bank of BarodaBanks | 0.69% | 0.67% |
| Oil & Natural Gas CorporationOil | 0.58% | 5.36% |
| Hindustan Petroleum CorporationPetroleum Products | 0.25% | 0.36% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 3.48% |
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.