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12 of 112 unique stocks in common · Jaccard: 10.7%
A weighted portfolio overlap of 21.41% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.41 is allocated to the exact same companies at the same relative proportions. The schemes share 12 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 5.32% in Lic Mf Dividend Yield 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 Lic |
|---|---|---|
| HDFC BankBanks | 6.48% | 5.32% |
| ICICI BankBanks | 8.83% | 3.67% |
| Axis BankBanks | 6.84% | 2.88% |
| Kotak Mahindra BankBanks | 3.43% | 2.20% |
| InterGlobe AviationTransport Services | 2.79% | 1.96% |
| Bajaj AutoAutomobiles | 1.78% | 1.70% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 1.21% |
| Bharti AirtelTelecom - Services | 2.96% | 1.18% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 2.15% |
| Anthem BiosciencesPharmaceuticals & Biotechnology | 0.57% | 1.27% |
| Neuland LaboratoriesPharmaceuticals & Biotechnology | 0.12% | 1.93% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 2.48% |
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.