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19 of 97 unique stocks in common · Jaccard: 19.6%
A weighted portfolio overlap of 32.32% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.32 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.44% in HDFC Infrastructure Fund and 8.30% in UTI Nifty 50 ETF. 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 UTI |
|---|---|---|
| ICICI BankBanks | 4.44% | 8.30% |
| Larsen & ToubroConstruction | 7.17% | 4.42% |
| Reliance IndustriesPetroleum Products | 2.82% | 8.25% |
| Bharti AirtelTelecom - Services | 2.14% | 5.19% |
| HDFC BankBanks | 1.87% | 10.53% |
| NTPCPower | 3.80% | 1.70% |
| State Bank of IndiaBanks | 1.69% | 3.70% |
| Tata SteelFerrous Metals | 2.17% | 1.59% |
| Axis BankBanks | 1.51% | 3.41% |
| Bharat ElectronicsAerospace & Defense | 1.48% | 1.36% |
| Hindalco IndustriesNon - Ferrous Metals | 1.24% | 1.51% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 2.79% | 1.23% |
| Power Grid Corporation of IndiaPower | 2.91% | 1.22% |
| Coal IndiaConsumable Fuels | 2.49% | 0.96% |
| Oil & Natural Gas CorporationOil | 1.44% | 0.95% |
| InterGlobe AviationTransport Services | 3.06% | 0.92% |
| Ultratech CementCement & Cement Products | 0.82% | 1.26% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.33% | 0.78% |
| Max Healthcare InstituteHealthcare Services | 0.95% | 0.66% |
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.