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7 of 106 unique stocks in common · Jaccard: 6.6%
A weighted portfolio overlap of 9.62% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.62 is allocated to the exact same companies at the same relative proportions. The schemes share 7 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 4.70% in quant Multi 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 quant |
|---|---|---|
| ICICI BankBanks | 8.83% | 4.70% |
| Reliance IndustriesPetroleum Products | 2.01% | 2.83% |
| Bharti AirtelTelecom - Services | 2.96% | 1.51% |
| PB FintechFinancial Technology (Fintech) | 1.18% | 1.45% |
| ICICI Prudential Asset Management CompanyCapital Markets | 0.12% | 0.09% |
| Larsen & ToubroConstruction | 3.55% | 0.07% |
| Nippon Life India Asset ManagementCapital Markets | 0.05% | 0.26% |
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.