Loading fund overlap…
16 of 104 unique stocks in common · Jaccard: 15.4%
A weighted portfolio overlap of 37.61% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.61 is allocated to the exact same companies at the same relative proportions. The schemes share 16 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 7.77% in Lic Mf ELSS Tax Saver. 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 Lic |
|---|---|---|
| ICICI BankBanks | 8.83% | 7.77% |
| HDFC BankBanks | 6.48% | 6.98% |
| Axis BankBanks | 6.84% | 4.51% |
| State Bank of IndiaBanks | 4.22% | 3.16% |
| Larsen & ToubroConstruction | 3.55% | 2.88% |
| Eicher MotorsAutomobiles | 2.46% | 2.48% |
| Reliance IndustriesPetroleum Products | 2.01% | 2.09% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 1.92% |
| EternalRetailing | 2.73% | 1.57% |
| InfosysIT - Software | 1.32% | 1.76% |
| Persistent SystemsIT - Software | 1.25% | 1.07% |
| Kotak Mahindra BankBanks | 3.43% | 0.85% |
| Piramal PharmaPharmaceuticals & Biotechnology | 1.53% | 0.62% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 1.04% |
| TVS Motor CompanyAutomobiles | 0.29% | 1.37% |
| Neuland LaboratoriesPharmaceuticals & Biotechnology | 0.12% | 0.88% |
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.