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15 of 112 unique stocks in common · Jaccard: 13.4%
A weighted portfolio overlap of 19.26% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.26 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.19% in HDFC Flexi Cap Fund and 4.39% in NJ Flexi Cap 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 NJ |
|---|---|---|
| ICICI BankBanks | 9.19% | 4.39% |
| CiplaPharmaceuticals & Biotechnology | 2.47% | 3.65% |
| Eicher MotorsAutomobiles | 2.44% | 4.49% |
| HDFC BankBanks | 5.71% | 2.23% |
| Kotak Mahindra BankBanks | 3.27% | 1.90% |
| BoschAuto Components | 1.34% | 5.29% |
| HCL TechnologiesIT - Software | 2.48% | 0.86% |
| Dr. Lal Path LabsHealthcare Services | 0.71% | 4.58% |
| Britannia IndustriesFood Products | 0.70% | 3.96% |
| Havells IndiaConsumer Durables | 0.54% | 1.46% |
| InfosysIT - Software | 0.54% | 0.71% |
| Bajaj AutoAutomobiles | 0.46% | 1.29% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.30% | 0.76% |
| Oil & Natural Gas CorporationOil | 0.26% | 2.91% |
| ABB IndiaElectrical Equipment | 0.12% | 0.86% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.