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21 of 121 unique stocks in common · Jaccard: 17.4%
A weighted portfolio overlap of 31.35% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.35 is allocated to the exact same companies at the same relative proportions. The schemes share 21 common holdings.
The largest overlapping asset in their portfolios is Larsen & Toubro, which commands a weight of 7.17% in HDFC Infrastructure Fund and 7.12% in ICICI Prudential Business Cycle Fund. Holding both schemes increases your concentration in Larsen & Toubro 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 ICICI |
|---|---|---|
| Larsen & ToubroConstruction | 7.17% | 7.12% |
| ICICI BankBanks | 4.44% | 7.17% |
| NTPCPower | 3.80% | 2.83% |
| Reliance IndustriesPetroleum Products | 2.82% | 5.46% |
| Bharti AirtelTelecom - Services | 2.14% | 3.12% |
| HDFC BankBanks | 1.87% | 9.24% |
| InterGlobe AviationTransport Services | 3.06% | 1.73% |
| Axis BankBanks | 1.51% | 3.41% |
| Hindustan AeronauticsAerospace & Defense | 1.35% | 1.47% |
| Prestige Estates ProjectsRealty | 1.20% | 1.61% |
| Ultratech CementCement & Cement Products | 0.82% | 2.89% |
| Oil & Natural Gas CorporationOil | 1.44% | 0.80% |
| ABB IndiaElectrical Equipment | 0.97% | 0.73% |
| Gujarat Pipavav PortTransport Infrastructure | 1.09% | 0.58% |
| Oberoi RealtyRealty | 0.36% | 0.53% |
| Timken IndiaIndustrial Products | 0.76% | 0.35% |
| Ambuja CementsCement & Cement Products | 1.78% | 0.25% |
| Gujarat GasGas | 1.03% | 0.16% |
| Can Fin HomesFinance | 0.83% | 0.12% |
| Birla CorporationCement & Cement Products | 1.46% | 0.11% |
| GAIL (India)Gas | 1.00% | 0.07% |
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.