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11 of 110 unique stocks in common · Jaccard: 10%
A weighted portfolio overlap of 19% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.44% in HDFC Infrastructure Fund and 7.77% in Lic Mf ELSS Tax Saver. 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 Lic |
|---|---|---|
| ICICI BankBanks | 4.44% | 7.77% |
| Larsen & ToubroConstruction | 7.17% | 2.88% |
| Reliance IndustriesPetroleum Products | 2.82% | 2.09% |
| HDFC BankBanks | 1.87% | 6.98% |
| State Bank of IndiaBanks | 1.69% | 3.16% |
| Axis BankBanks | 1.51% | 4.51% |
| Power Finance CorporationFinance | 1.66% | 1.19% |
| Indus TowersTelecom - Services | 1.29% | 1.05% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.33% | 1.04% |
| Ultratech CementCement & Cement Products | 0.82% | 0.68% |
| Blue Dart ExpressTransport Services | 0.99% | 0.56% |
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.