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19 of 120 unique stocks in common · Jaccard: 15.8%
A weighted portfolio overlap of 24.88% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.88 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.48% in HDFC Flexi Cap Fund and 7.18% in SBI Large and Midcap Fund. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 6.48% | 7.18% |
| Axis BankBanks | 6.84% | 3.30% |
| State Bank of IndiaBanks | 4.22% | 2.81% |
| ICICI BankBanks | 8.83% | 2.65% |
| Reliance IndustriesPetroleum Products | 2.01% | 2.55% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 1.40% |
| Tata SteelFerrous Metals | 1.30% | 1.06% |
| InfosysIT - Software | 1.32% | 1.03% |
| FSN E-Commerce VenturesRetailing | 0.80% | 1.20% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 0.92% |
| HCL TechnologiesIT - Software | 2.47% | 0.66% |
| Dr. Lal Path LabsHealthcare Services | 0.66% | 0.53% |
| Nuvoco Vistas CorporationCement & Cement Products | 0.60% | 0.50% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.34% | 2.21% |
| The Ramco CementsCement & Cement Products | 0.34% | 1.04% |
| Hindustan Petroleum CorporationPetroleum Products | 0.25% | 0.93% |
| ICICI Prudential Asset Management CompanyCapital Markets | 0.12% | 1.97% |
| Persistent SystemsIT - Software | 1.25% | 0.05% |
| Hexaware TechnologiesIT - Software | 0.03% | 1.55% |
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.