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15 of 91 unique stocks in common · Jaccard: 16.5%
A weighted portfolio overlap of 42.3% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.3 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 8.83% in HDFC Flexi Cap Fund and 8.11% in SBI ESG Exclusionary Strategy 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% | 8.11% |
| HDFC BankBanks | 6.48% | 7.65% |
| Axis BankBanks | 6.84% | 5.06% |
| State Bank of IndiaBanks | 4.22% | 3.67% |
| Larsen & ToubroConstruction | 3.55% | 4.82% |
| Kotak Mahindra BankBanks | 3.43% | 3.78% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 3.85% |
| Eicher MotorsAutomobiles | 2.46% | 2.06% |
| Reliance IndustriesPetroleum Products | 2.01% | 2.53% |
| InfosysIT - Software | 1.32% | 4.66% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 1.65% |
| FSN E-Commerce VenturesRetailing | 0.80% | 1.23% |
| Britannia IndustriesFood Products | 0.77% | 1.34% |
| Dr. Lal Path LabsHealthcare Services | 0.66% | 1.26% |
| TVS Motor CompanyAutomobiles | 0.29% | 2.49% |
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.