Loading fund overlap…
18 of 108 unique stocks in common · Jaccard: 16.7%
A weighted portfolio overlap of 32.56% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.56 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 5.70% in Tata ELSS 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 Tata |
|---|---|---|
| ICICI BankBanks | 8.83% | 5.70% |
| HDFC BankBanks | 6.48% | 5.52% |
| State Bank of IndiaBanks | 4.22% | 4.36% |
| Larsen & ToubroConstruction | 3.55% | 3.18% |
| Bharti AirtelTelecom - Services | 2.96% | 5.78% |
| Reliance IndustriesPetroleum Products | 2.01% | 3.95% |
| InfosysIT - Software | 1.32% | 2.10% |
| SBI Life Insurance CompanyInsurance | 3.76% | 1.22% |
| PB FintechFinancial Technology (Fintech) | 1.18% | 2.51% |
| EternalRetailing | 2.73% | 1.13% |
| HCL TechnologiesIT - Software | 2.47% | 1.11% |
| InterGlobe AviationTransport Services | 2.79% | 0.83% |
| Dr. Lal Path LabsHealthcare Services | 0.66% | 0.99% |
| Bank of BarodaBanks | 0.69% | 0.48% |
| Havells IndiaConsumer Durables | 0.57% | 0.47% |
| Tata SteelFerrous Metals | 1.30% | 0.43% |
| ICICI Prudential Asset Management CompanyCapital Markets | 0.12% | 1.38% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 1.21% |
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.