Loading fund overlap…
18 of 99 unique stocks in common · Jaccard: 18.2%
A weighted portfolio overlap of 34.12% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹34.12 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 6.12% in SBI Dividend Yield 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 SBI |
|---|---|---|
| ICICI BankBanks | 8.83% | 6.12% |
| State Bank of IndiaBanks | 4.22% | 4.20% |
| Larsen & ToubroConstruction | 3.55% | 4.08% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 2.37% |
| InterGlobe AviationTransport Services | 2.79% | 2.23% |
| Axis BankBanks | 6.84% | 2.17% |
| Kotak Mahindra BankBanks | 3.43% | 2.03% |
| Eicher MotorsAutomobiles | 2.46% | 1.74% |
| JSW SteelFerrous Metals | 1.72% | 1.60% |
| Bharti AirtelTelecom - Services | 2.96% | 1.32% |
| InfosysIT - Software | 1.32% | 3.00% |
| Tata SteelFerrous Metals | 1.30% | 1.68% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 1.72% |
| Britannia IndustriesFood Products | 0.77% | 1.35% |
| Bank of BarodaBanks | 0.69% | 1.24% |
| Dr. Lal Path LabsHealthcare Services | 0.66% | 1.28% |
| Oil & Natural Gas CorporationOil | 0.58% | 2.63% |
| TVS Motor CompanyAutomobiles | 0.29% | 1.14% |
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.