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5 of 86 unique stocks in common · Jaccard: 5.8%
A weighted portfolio overlap of 30.04% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.04 is allocated to the exact same companies at the same relative proportions. The schemes share 5 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 16.43% in Nippon India Banking & Financial Services 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 Nippon |
|---|---|---|
| ICICI BankBanks | 8.83% | 16.43% |
| Axis BankBanks | 6.84% | 9.34% |
| HDFC BankBanks | 6.48% | 18.28% |
| State Bank of IndiaBanks | 4.22% | 6.20% |
| SBI Life Insurance CompanyInsurance | 3.76% | 3.67% |
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.