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14 of 158 unique stocks in common · Jaccard: 8.9%
A weighted portfolio overlap of 15.34% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.34 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 5.27% in HDFC Manufacturing Fund and 5.49% in ICICI Prudential ELSS Tax Saver 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 | in ICICI |
|---|---|---|
| Reliance IndustriesPetroleum Products | 5.27% | 5.49% |
| Maruti Suzuki IndiaAutomobiles | 3.63% | 3.58% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.87% | 5.50% |
| Ambuja CementsCement & Cement Products | 2.12% | 0.83% |
| WockhardtPharmaceuticals & Biotechnology | 0.59% | 0.74% |
| Mahindra & MahindraAutomobiles | 3.59% | 0.58% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 2.57% | 0.54% |
| Hyundai Motor IndiaAutomobiles | 1.56% | 0.51% |
| Godavari BiorefineriesDiversified FMCG | 0.49% | 0.42% |
| Samvardhana Motherson InternationalAuto Components | 0.34% | 1.07% |
| Sundram FastenersAuto Components | 0.67% | 0.32% |
| Siemens Energy IndiaElectrical Equipment | 0.94% | 0.21% |
| Havells IndiaConsumer Durables | 1.00% | 0.17% |
| Sona BLW Precision ForgingsAuto Components | 0.43% | 0.13% |
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.