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19 of 91 unique stocks in common · Jaccard: 20.9%
A weighted portfolio overlap of 36.15% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹36.15 is allocated to the exact same companies at the same relative proportions. The schemes share 19 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 5.25% in UTI - Equity Savings 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 UTI |
|---|---|---|
| Axis BankBanks | 6.84% | 5.25% |
| HDFC BankBanks | 6.48% | 3.86% |
| State Bank of IndiaBanks | 4.22% | 3.04% |
| Bharti AirtelTelecom - Services | 2.96% | 3.63% |
| Kotak Mahindra BankBanks | 3.43% | 2.88% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 2.51% |
| Larsen & ToubroConstruction | 3.55% | 2.49% |
| ICICI BankBanks | 8.83% | 2.17% |
| Reliance IndustriesPetroleum Products | 2.01% | 1.76% |
| JSW SteelFerrous Metals | 1.72% | 1.53% |
| Power Grid Corporation of IndiaPower | 2.51% | 1.49% |
| InfosysIT - Software | 1.32% | 1.25% |
| SBI Life Insurance CompanyInsurance | 3.76% | 1.16% |
| HCL TechnologiesIT - Software | 2.47% | 1.05% |
| InterGlobe AviationTransport Services | 2.79% | 0.78% |
| CiplaPharmaceuticals & Biotechnology | 2.89% | 0.59% |
| Oil & Natural Gas CorporationOil | 0.58% | 0.85% |
| Eicher MotorsAutomobiles | 2.46% | 0.46% |
| Tata SteelFerrous Metals | 1.30% | 0.34% |
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.