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9 of 76 unique stocks in common · Jaccard: 11.8%
A weighted portfolio overlap of 23.78% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.78 is allocated to the exact same companies at the same relative proportions. The schemes share 9 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 15.51% in Nippon India Nifty 50 Value 20 Index 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% | 15.51% |
| State Bank of IndiaBanks | 4.22% | 8.58% |
| Power Grid Corporation of IndiaPower | 2.51% | 3.72% |
| HCL TechnologiesIT - Software | 2.47% | 3.91% |
| Bajaj AutoAutomobiles | 1.78% | 2.73% |
| InfosysIT - Software | 1.32% | 13.72% |
| Tata SteelFerrous Metals | 1.30% | 3.68% |
| Britannia IndustriesFood Products | 0.77% | 1.53% |
| Oil & Natural Gas CorporationOil | 0.58% | 2.99% |
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.