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18 of 136 unique stocks in common · Jaccard: 13.2%
A weighted portfolio overlap of 20.51% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.51 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 5.27% in HDFC Manufacturing Fund and 2.26% in HDFC Value Fund. Holding both schemes increases your concentration in Reliance Industries 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 Manufacturing | in HDFC Value |
|---|---|---|
| Reliance IndustriesPetroleum Products | 5.27% | 2.26% |
| Bharat ElectronicsAerospace & Defense | 2.54% | 2.25% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.87% | 2.21% |
| LupinPharmaceuticals & Biotechnology | 1.75% | 1.47% |
| Godrej Consumer ProductsPersonal Products | 1.76% | 1.29% |
| Maruti Suzuki IndiaAutomobiles | 3.63% | 1.29% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 4.55% | 1.28% |
| Bajaj AutoAutomobiles | 2.43% | 1.22% |
| BoschAuto Components | 1.20% | 1.45% |
| Ambuja CementsCement & Cement Products | 2.12% | 1.04% |
| Jindal SteelFerrous Metals | 0.90% | 0.87% |
| Bharat Petroleum CorporationPetroleum Products | 1.64% | 0.82% |
| Hindustan Petroleum CorporationPetroleum Products | 2.04% | 0.79% |
| Jubilant IngreviaChemicals & Petrochemicals | 0.75% | 0.82% |
| Balkrishna IndustriesAuto Components | 1.11% | 0.74% |
| Hyundai Motor IndiaAutomobiles | 1.56% | 0.66% |
| Sona BLW Precision ForgingsAuto Components | 0.43% | 1.08% |
| GMM PfaudlerIndustrial Manufacturing | 0.28% | 0.31% |
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.