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17 of 144 unique stocks in common · Jaccard: 11.8%
A weighted portfolio overlap of 22.09% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.09 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.48% in HDFC Flexi Cap Fund and 5.74% in ICICI Prudential Retirement Fund - Pure Equity Plan. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 6.48% | 5.74% |
| ICICI BankBanks | 8.83% | 2.38% |
| Larsen & ToubroConstruction | 3.55% | 2.06% |
| Reliance IndustriesPetroleum Products | 2.01% | 4.14% |
| Bharti AirtelTelecom - Services | 2.96% | 1.86% |
| Hyundai Motor IndiaAutomobiles | 1.70% | 1.66% |
| Bajaj AutoAutomobiles | 1.78% | 1.07% |
| JSW SteelFerrous Metals | 1.72% | 1.04% |
| InterGlobe AviationTransport Services | 2.79% | 0.95% |
| Britannia IndustriesFood Products | 0.77% | 2.47% |
| United SpiritsBeverages | 0.72% | 1.86% |
| InfosysIT - Software | 1.32% | 0.66% |
| PB FintechFinancial Technology (Fintech) | 1.18% | 0.44% |
| BSECapital Markets | 0.44% | 1.24% |
| Neuland LaboratoriesPharmaceuticals & Biotechnology | 0.12% | 0.56% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.40% | 0.12% |
| Nippon Life India Asset ManagementCapital Markets | 0.05% | 0.70% |
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.