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13 of 97 unique stocks in common · Jaccard: 13.4%
A weighted portfolio overlap of 20.81% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.81 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 6.84% in HDFC Flexi Cap Fund and 3.36% in Lic Mf Large & Mid Cap Fund. Holding both schemes increases your concentration in Axis 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 |
|---|---|---|
| Axis BankBanks | 6.84% | 3.36% |
| Larsen & ToubroConstruction | 3.55% | 3.10% |
| Bharti AirtelTelecom - Services | 2.96% | 2.89% |
| InterGlobe AviationTransport Services | 2.79% | 2.98% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 2.43% |
| JSW SteelFerrous Metals | 1.72% | 1.77% |
| Persistent SystemsIT - Software | 1.25% | 3.35% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 1.89% |
| FSN E-Commerce VenturesRetailing | 0.80% | 0.91% |
| Aster DM HealthcareHealthcare Services | 0.64% | 0.98% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 3.00% |
| Nippon Life India Asset ManagementCapital Markets | 0.05% | 2.44% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 2.83% |
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.