Loading fund overlap…
16 of 104 unique stocks in common · Jaccard: 15.4%
A weighted portfolio overlap of 20.54% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.54 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 Axis Bank, which commands a weight of 6.84% in HDFC Flexi Cap Fund and 3.74% in Tata Business Cycle Fund. Holding both schemes increases your concentration in Axis 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 Tata |
|---|---|---|
| Axis BankBanks | 6.84% | 3.74% |
| Larsen & ToubroConstruction | 3.55% | 3.09% |
| HDFC BankBanks | 6.48% | 3.07% |
| Reliance IndustriesPetroleum Products | 2.01% | 4.82% |
| Kotak Mahindra BankBanks | 3.43% | 1.96% |
| Tata SteelFerrous Metals | 1.30% | 2.07% |
| PB FintechFinancial Technology (Fintech) | 1.18% | 2.77% |
| Bank of BarodaBanks | 0.69% | 1.78% |
| Dr. Lal Path LabsHealthcare Services | 0.66% | 1.59% |
| Nuvoco Vistas CorporationCement & Cement Products | 0.60% | 1.45% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 2.44% |
| Oil & Natural Gas CorporationOil | 0.58% | 0.99% |
| Dixon Technologies (India)Consumer Durables | 0.36% | 1.06% |
| Metropolis HealthcareHealthcare Services | 0.35% | 4.33% |
| The Ramco CementsCement & Cement Products | 0.34% | 1.66% |
| Hexaware TechnologiesIT - Software | 0.03% | 0.42% |
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.