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22 of 108 unique stocks in common · Jaccard: 20.4%
A weighted portfolio overlap of 29.33% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.33 is allocated to the exact same companies at the same relative proportions. The schemes share 22 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 4.33% in Tata India Innovation 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% | 4.33% |
| Axis BankBanks | 6.84% | 3.21% |
| Bharti AirtelTelecom - Services | 2.96% | 3.10% |
| EternalRetailing | 2.73% | 2.71% |
| HDFC BankBanks | 6.48% | 2.29% |
| Reliance IndustriesPetroleum Products | 2.01% | 3.50% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 1.56% |
| InfosysIT - Software | 1.32% | 1.47% |
| Kotak Mahindra BankBanks | 3.43% | 1.25% |
| PB FintechFinancial Technology (Fintech) | 1.18% | 2.21% |
| State Bank of IndiaBanks | 4.22% | 0.70% |
| Vishal Mega MartRetailing | 0.70% | 2.43% |
| Bank of BarodaBanks | 0.69% | 1.55% |
| Dr. Lal Path LabsHealthcare Services | 0.66% | 3.80% |
| Aster DM HealthcareHealthcare Services | 0.64% | 0.71% |
| InterGlobe AviationTransport Services | 2.79% | 0.64% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 3.01% |
| Piramal PharmaPharmaceuticals & Biotechnology | 1.53% | 0.50% |
| Havells IndiaConsumer Durables | 0.57% | 0.42% |
| Dixon Technologies (India)Consumer Durables | 0.36% | 1.73% |
| Metropolis HealthcareHealthcare Services | 0.35% | 2.34% |
| SwiggyRetailing | 0.27% | 1.42% |
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.