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8 of 80 unique stocks in common · Jaccard: 10%
A weighted portfolio overlap of 22.44% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.44 is allocated to the exact same companies at the same relative proportions. The schemes share 8 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 7.28% in SBI Focused 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% | 7.28% |
| State Bank of IndiaBanks | 4.22% | 6.21% |
| Kotak Mahindra BankBanks | 3.43% | 5.77% |
| Bharti AirtelTelecom - Services | 2.96% | 5.49% |
| Eicher MotorsAutomobiles | 2.46% | 2.16% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 2.25% |
| Vishal Mega MartRetailing | 0.70% | 1.83% |
| Lenskart SolutionsRetailing | 0.51% | 1.99% |
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.