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21 of 116 unique stocks in common · Jaccard: 18.1%
A weighted portfolio overlap of 35.63% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.63 is allocated to the exact same companies at the same relative proportions. The schemes share 21 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 5.50% 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 | 8.83% | 5.50% |
| Axis BankBanks | 6.84% | 4.49% |
| HDFC BankBanks | 6.48% | 4.24% |
| Larsen & ToubroConstruction | 3.55% | 4.04% |
| State Bank of IndiaBanks | 4.22% | 2.15% |
| Reliance IndustriesPetroleum Products | 2.01% | 1.93% |
| Eicher MotorsAutomobiles | 2.46% | 1.85% |
| Bajaj AutoAutomobiles | 1.78% | 3.56% |
| InfosysIT - Software | 1.32% | 2.07% |
| Tata SteelFerrous Metals | 1.30% | 3.38% |
| Bharti AirtelTelecom - Services | 2.96% | 0.99% |
| Kotak Mahindra BankBanks | 3.43% | 0.99% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 0.97% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 0.92% |
| HCL TechnologiesIT - Software | 2.47% | 0.82% |
| Nuvoco Vistas CorporationCement & Cement Products | 0.60% | 1.22% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 1.95% |
| Oil & Natural Gas CorporationOil | 0.58% | 1.84% |
| EternalRetailing | 2.73% | 0.46% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.34% | 0.92% |
| SwiggyRetailing | 0.27% | 1.01% |
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.