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18 of 108 unique stocks in common · Jaccard: 16.7%
A weighted portfolio overlap of 39.85% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹39.85 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 9.03% in ICICI Prudential Value 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% | 9.03% |
| HDFC BankBanks | 6.48% | 9.12% |
| Axis BankBanks | 6.84% | 2.99% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 3.37% |
| SBI Life Insurance CompanyInsurance | 3.76% | 2.42% |
| Reliance IndustriesPetroleum Products | 2.01% | 4.82% |
| State Bank of IndiaBanks | 4.22% | 1.96% |
| Bharti AirtelTelecom - Services | 2.96% | 1.93% |
| Larsen & ToubroConstruction | 3.55% | 1.88% |
| Kotak Mahindra BankBanks | 3.43% | 1.73% |
| Hyundai Motor IndiaAutomobiles | 1.70% | 1.41% |
| InfosysIT - Software | 1.32% | 6.17% |
| CiplaPharmaceuticals & Biotechnology | 2.89% | 1.32% |
| Tata SteelFerrous Metals | 1.30% | 1.21% |
| Oil & Natural Gas CorporationOil | 0.58% | 1.76% |
| HCL TechnologiesIT - Software | 2.47% | 0.35% |
| JK Lakshmi CementCement & Cement Products | 0.29% | 0.43% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 0.25% |
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.