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12 of 103 unique stocks in common · Jaccard: 11.7%
A weighted portfolio overlap of 13.17% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.17 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 HCL Technologies, which commands a weight of 2.47% in HDFC Flexi Cap Fund and 5.20% in NJ Flexi Cap Fund. Holding both schemes increases your concentration in HCL Technologies 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 NJ |
|---|---|---|
| HCL TechnologiesIT - Software | 2.47% | 5.20% |
| Eicher MotorsAutomobiles | 2.46% | 3.10% |
| Bajaj AutoAutomobiles | 1.78% | 4.61% |
| InfosysIT - Software | 1.32% | 1.95% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 2.86% |
| BoschAuto Components | 1.10% | 5.72% |
| Britannia IndustriesFood Products | 0.77% | 3.88% |
| Dr. Lal Path LabsHealthcare Services | 0.66% | 2.45% |
| Havells IndiaConsumer Durables | 0.57% | 1.93% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 0.46% |
| CyientIT - Services | 0.49% | 0.26% |
| BirlasoftIT - Software | 0.13% | 0.27% |
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.