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13 of 114 unique stocks in common · Jaccard: 11.4%
A weighted portfolio overlap of 21.55% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.55 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.83% in HDFC Flexi Cap Fund and 6.63% in ICICI Prudential Quality Fund. Holding both schemes increases your concentration in ICICI Bank 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 |
|---|---|---|
| ICICI BankBanks | 8.83% | 6.63% |
| HDFC BankBanks | 6.48% | 3.57% |
| Eicher MotorsAutomobiles | 2.46% | 2.19% |
| InterGlobe AviationTransport Services | 2.79% | 1.82% |
| InfosysIT - Software | 1.32% | 3.78% |
| EternalRetailing | 2.73% | 1.26% |
| State Bank of IndiaBanks | 4.22% | 1.24% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 3.58% |
| Britannia IndustriesFood Products | 0.77% | 2.37% |
| Bajaj AutoAutomobiles | 1.78% | 0.64% |
| Max Healthcare InstituteHealthcare Services | 1.38% | 0.52% |
| Power Grid Corporation of IndiaPower | 2.51% | 0.39% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 4.04% |
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.