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16 of 111 unique stocks in common · Jaccard: 14.4%
A weighted portfolio overlap of 24.15% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.15 is allocated to the exact same companies at the same relative proportions. The schemes share 16 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 3.55% in SBI MultiCap 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% | 3.55% |
| Kotak Mahindra BankBanks | 3.43% | 3.88% |
| ICICI BankBanks | 8.83% | 2.94% |
| Bharti AirtelTelecom - Services | 2.96% | 2.71% |
| Reliance IndustriesPetroleum Products | 2.01% | 3.19% |
| Axis BankBanks | 6.84% | 1.97% |
| InfosysIT - Software | 1.32% | 1.45% |
| Tata SteelFerrous Metals | 1.30% | 1.31% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 2.65% |
| EternalRetailing | 2.73% | 0.99% |
| JSW SteelFerrous Metals | 1.72% | 0.83% |
| Vishal Mega MartRetailing | 0.70% | 1.42% |
| Kalpataru Projects InternationalConstruction | 0.59% | 1.66% |
| Persistent SystemsIT - Software | 1.25% | 0.39% |
| Escorts KubotaAgricultural, Commercial & Construction Vehicles | 0.34% | 0.19% |
| Nippon Life India Asset ManagementCapital Markets | 0.05% | 0.88% |
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.