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20 of 124 unique stocks in common · Jaccard: 16.1%
A weighted portfolio overlap of 32.98% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.98 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.19% in HDFC Flexi Cap Fund and 6.36% in Tata Flexi Cap 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 | 9.19% | 6.36% |
| HDFC BankBanks | 5.71% | 5.83% |
| Axis BankBanks | 6.19% | 3.87% |
| Larsen & ToubroConstruction | 3.16% | 2.66% |
| Bharti AirtelTelecom - Services | 2.58% | 3.69% |
| Maruti Suzuki IndiaAutomobiles | 2.74% | 2.43% |
| SBI Life Insurance CompanyInsurance | 3.19% | 1.97% |
| Kotak Mahindra BankBanks | 3.27% | 1.73% |
| Reliance IndustriesPetroleum Products | 1.44% | 4.29% |
| JSW SteelFerrous Metals | 1.45% | 1.00% |
| InfosysIT - Software | 0.54% | 1.48% |
| Adani EnterprisesMetals & Minerals Trading | 0.51% | 1.35% |
| Nuvoco Vistas CorporationCement & Cement Products | 0.49% | 0.71% |
| SBI Funds ManagementCapital Markets | 0.38% | 1.16% |
| The Ramco CementsCement & Cement Products | 0.31% | 1.29% |
| Life Insurance Corporation Of IndiaInsurance | 0.29% | 1.51% |
| SwiggyRetailing | 0.27% | 0.83% |
| BioconPharmaceuticals & Biotechnology | 0.26% | 0.72% |
| Tenneco Clean Air IndiaAuto Components | 0.10% | 1.12% |
| Bank of BarodaBanks | 0.08% | 1.11% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.