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14 of 137 unique stocks in common · Jaccard: 10.2%
A weighted portfolio overlap of 13.28% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.28 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 9.24% in ICICI Prudential Energy Opportunities 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% | 9.24% |
| Bharat Petroleum CorporationPetroleum Products | 1.64% | 2.14% |
| Siemens Energy IndiaElectrical Equipment | 0.94% | 2.32% |
| Cummins IndiaIndustrial Products | 2.53% | 0.87% |
| CG Power and Industrial SolutionsElectrical Equipment | 1.77% | 0.76% |
| SiemensElectrical Equipment | 1.25% | 0.67% |
| Atlanta ElectricalsElectrical Equipment | 1.29% | 0.51% |
| ABB IndiaElectrical Equipment | 0.49% | 1.23% |
| Indraprastha GasGas | 0.67% | 0.48% |
| Petronet LNGGas | 0.47% | 0.51% |
| Havells IndiaConsumer Durables | 1.00% | 0.43% |
| Premier EnergiesElectrical Equipment | 0.54% | 0.39% |
| Carborundum UniversalIndustrial Products | 0.53% | 0.20% |
| Hindustan Petroleum CorporationPetroleum Products | 2.04% | 0.16% |
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.