Loading fund overlap…
12 of 86 unique stocks in common · Jaccard: 14%
A weighted portfolio overlap of 25.76% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.76 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.14% in HDFC Hybrid Equity Fund and 4.40% in SBI Equity Hybrid 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 SBI |
|---|---|---|
| ICICI BankBanks | 7.14% | 4.40% |
| Kotak Mahindra BankBanks | 3.03% | 3.10% |
| State Bank of IndiaBanks | 2.87% | 3.85% |
| HDFC BankBanks | 6.27% | 2.29% |
| Reliance IndustriesPetroleum Products | 4.30% | 2.23% |
| Larsen & ToubroConstruction | 2.11% | 2.31% |
| Bharti AirtelTelecom - Services | 2.10% | 2.91% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.79% | 2.10% |
| InfosysIT - Software | 2.16% | 1.67% |
| InterGlobe AviationTransport Services | 1.38% | 2.35% |
| Tata Consultancy ServicesIT - Software | 1.16% | 1.88% |
| ITCDiversified FMCG | 1.12% | 0.73% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.