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17 of 124 unique stocks in common · Jaccard: 13.7%
A weighted portfolio overlap of 35.48% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.48 is allocated to the exact same companies at the same relative proportions. The schemes share 17 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 8.94% in SBI ELSS Tax Saver 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% | 8.94% |
| State Bank of IndiaBanks | 4.22% | 3.62% |
| Kotak Mahindra BankBanks | 3.43% | 5.93% |
| Larsen & ToubroConstruction | 3.55% | 2.99% |
| HDFC BankBanks | 6.48% | 2.91% |
| CiplaPharmaceuticals & Biotechnology | 2.89% | 2.15% |
| Reliance IndustriesPetroleum Products | 2.01% | 4.81% |
| Axis BankBanks | 6.84% | 1.86% |
| Bharti AirtelTelecom - Services | 2.96% | 1.81% |
| Tata SteelFerrous Metals | 1.30% | 4.12% |
| InfosysIT - Software | 1.32% | 1.00% |
| FSN E-Commerce VenturesRetailing | 0.80% | 1.86% |
| Britannia IndustriesFood Products | 0.77% | 0.79% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 1.97% |
| Bank of BarodaBanks | 0.69% | 0.65% |
| Oil & Natural Gas CorporationOil | 0.58% | 1.89% |
| Hexaware TechnologiesIT - Software | 0.03% | 0.89% |
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.