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20 of 118 unique stocks in common · Jaccard: 16.9%
A weighted portfolio overlap of 33.99% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.99 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.21% in HDFC Flexi Cap Fund and 7.23% in SBI Flexicap 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 | 9.21% | 7.23% |
| HDFC BankBanks | 6.11% | 5.61% |
| Larsen & ToubroConstruction | 3.16% | 3.82% |
| Axis BankBanks | 6.01% | 2.79% |
| Eicher MotorsAutomobiles | 2.47% | 2.60% |
| State Bank of IndiaBanks | 4.14% | 2.24% |
| Reliance IndustriesPetroleum Products | 1.56% | 1.87% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.38% | 1.38% |
| Bharti AirtelTelecom - Services | 2.94% | 1.04% |
| Maruti Suzuki IndiaAutomobiles | 2.90% | 1.03% |
| Kotak Mahindra BankBanks | 3.12% | 0.99% |
| FSN E-Commerce VenturesRetailing | 0.73% | 2.03% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.59% | 2.21% |
| Bajaj AutoAutomobiles | 0.55% | 3.71% |
| Nuvoco Vistas CorporationCement & Cement Products | 0.55% | 1.18% |
| EternalRetailing | 3.36% | 0.54% |
| JSW InfrastructureTransport Infrastructure | 0.52% | 2.85% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.45% | 0.96% |
| BioconPharmaceuticals & Biotechnology | 0.28% | 1.30% |
| SwiggyRetailing | 0.28% | 1.09% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.