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18 of 119 unique stocks in common · Jaccard: 15.1%
A weighted portfolio overlap of 27.73% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.73 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 HDFC Bank, which commands a weight of 6.48% in HDFC Flexi Cap Fund and 4.53% in UTI Multi Cap Fund. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 6.48% | 4.53% |
| ICICI BankBanks | 8.83% | 3.89% |
| Kotak Mahindra BankBanks | 3.43% | 4.03% |
| Reliance IndustriesPetroleum Products | 2.01% | 2.30% |
| Bharti AirtelTelecom - Services | 2.96% | 1.78% |
| Larsen & ToubroConstruction | 3.55% | 1.57% |
| SBI Life Insurance CompanyInsurance | 3.76% | 1.45% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 1.36% |
| InfosysIT - Software | 1.32% | 2.52% |
| Axis BankBanks | 6.84% | 1.28% |
| Power Grid Corporation of IndiaPower | 2.51% | 1.20% |
| Tata SteelFerrous Metals | 1.30% | 0.91% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 1.04% |
| United SpiritsBeverages | 0.72% | 0.84% |
| Dr. Lal Path LabsHealthcare Services | 0.66% | 1.24% |
| Dixon Technologies (India)Consumer Durables | 0.36% | 1.00% |
| SwiggyRetailing | 0.27% | 1.05% |
| Hindustan Petroleum CorporationPetroleum Products | 0.25% | 0.81% |
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.