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12 of 88 unique stocks in common · Jaccard: 13.6%
A weighted portfolio overlap of 30.34% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.34 is allocated to the exact same companies at the same relative proportions. The schemes share 12 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 7.19% in Nippon India Quant 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% | 7.19% |
| HDFC BankBanks | 6.48% | 7.48% |
| Larsen & ToubroConstruction | 3.55% | 4.62% |
| State Bank of IndiaBanks | 4.22% | 3.15% |
| EternalRetailing | 2.73% | 2.15% |
| Reliance IndustriesPetroleum Products | 2.01% | 4.10% |
| Bajaj AutoAutomobiles | 1.78% | 3.27% |
| InfosysIT - Software | 1.32% | 1.80% |
| BoschAuto Components | 1.10% | 1.75% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 2.22% |
| Oil & Natural Gas CorporationOil | 0.58% | 1.80% |
| TVS Motor CompanyAutomobiles | 0.29% | 1.63% |
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.