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16 of 115 unique stocks in common · Jaccard: 13.9%
A weighted portfolio overlap of 23.04% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.04 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 HDFC Bank, which commands a weight of 6.48% in HDFC Flexi Cap Fund and 3.31% in Lic Mf Multi Cap 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% | 3.31% |
| ICICI BankBanks | 8.83% | 2.77% |
| Axis BankBanks | 6.84% | 2.44% |
| Kotak Mahindra BankBanks | 3.43% | 2.28% |
| InterGlobe AviationTransport Services | 2.79% | 1.54% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 1.54% |
| State Bank of IndiaBanks | 4.22% | 1.52% |
| EternalRetailing | 2.73% | 1.43% |
| Larsen & ToubroConstruction | 3.55% | 1.41% |
| InfosysIT - Software | 1.32% | 1.52% |
| JSW SteelFerrous Metals | 1.72% | 1.21% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 1.17% |
| Lenskart SolutionsRetailing | 0.51% | 1.33% |
| Prestige Estates ProjectsRealty | 0.45% | 1.30% |
| BSECapital Markets | 0.44% | 1.14% |
| TVS Motor CompanyAutomobiles | 0.29% | 1.38% |
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.