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23 of 114 unique stocks in common · Jaccard: 20.2%
A weighted portfolio overlap of 31.19% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.19 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.44% in HDFC Infrastructure Fund and 3.26% in Tata Dividend Yield 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 Tata |
|---|---|---|
| ICICI BankBanks | 4.44% | 3.26% |
| Larsen & ToubroConstruction | 7.17% | 3.15% |
| Power Grid Corporation of IndiaPower | 2.91% | 1.94% |
| NTPCPower | 3.80% | 1.92% |
| HDFC BankBanks | 1.87% | 2.97% |
| Reliance IndustriesPetroleum Products | 2.82% | 1.78% |
| Bharti AirtelTelecom - Services | 2.14% | 1.69% |
| State Bank of IndiaBanks | 1.69% | 2.14% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 2.79% | 1.64% |
| Bharat ElectronicsAerospace & Defense | 1.48% | 2.47% |
| Hindustan AeronauticsAerospace & Defense | 1.35% | 1.37% |
| Axis BankBanks | 1.51% | 1.25% |
| Hindalco IndustriesNon - Ferrous Metals | 1.24% | 1.84% |
| Titagarh Rail SystemsIndustrial Manufacturing | 0.95% | 1.07% |
| Tata Power CompanyPower | 1.10% | 0.93% |
| Coal IndiaConsumable Fuels | 2.49% | 0.84% |
| Ultratech CementCement & Cement Products | 0.82% | 0.79% |
| Adani PowerPower | 0.78% | 1.96% |
| GAIL (India)Gas | 1.00% | 0.75% |
| Ceigall IndiaConstruction | 1.02% | 0.61% |
| InterGlobe AviationTransport Services | 3.06% | 0.58% |
| Tata SteelFerrous Metals | 2.17% | 0.40% |
| CESCPower | 0.30% | 0.90% |
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.