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11 of 190 unique stocks in common · Jaccard: 5.8%
A weighted portfolio overlap of 6.88% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.88 is allocated to the exact same companies at the same relative proportions. The schemes share 11 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 2.50% in ICICI Prudential Smallcap Fund. 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% | 2.50% |
| Reliance IndustriesPetroleum Products | 2.01% | 0.97% |
| Nuvoco Vistas CorporationCement & Cement Products | 0.60% | 1.09% |
| CyientIT - Services | 0.49% | 0.76% |
| Larsen & ToubroConstruction | 3.55% | 0.46% |
| CIE Automotive IndiaAuto Components | 0.44% | 0.55% |
| ICICI BankBanks | 8.83% | 0.44% |
| JK Lakshmi CementCement & Cement Products | 0.29% | 0.92% |
| Piramal PharmaPharmaceuticals & Biotechnology | 1.53% | 0.29% |
| Dr. Lal Path LabsHealthcare Services | 0.66% | 0.28% |
| BirlasoftIT - Software | 0.13% | 0.34% |
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.