Loading fund overlap…
7 of 83 unique stocks in common · Jaccard: 8.4%
A weighted portfolio overlap of 7.21% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹7.21 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 Larsen & Toubro, which commands a weight of 3.55% in HDFC Flexi Cap Fund and 1.57% in ICICI Prudential Retirement Fund - Hybrid Conservative Plan. Holding both schemes increases your concentration in Larsen & Toubro 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 |
|---|---|---|
| Larsen & ToubroConstruction | 3.55% | 1.57% |
| Bajaj AutoAutomobiles | 1.78% | 1.31% |
| Kotak Mahindra BankBanks | 3.43% | 1.19% |
| HDFC BankBanks | 6.48% | 0.96% |
| InterGlobe AviationTransport Services | 2.79% | 0.93% |
| Tata SteelFerrous Metals | 1.30% | 0.80% |
| Britannia IndustriesFood Products | 0.77% | 0.44% |
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.