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9 of 133 unique stocks in common · Jaccard: 6.8%
A weighted portfolio overlap of 6.09% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.09 is allocated to the exact same companies at the same relative proportions. The schemes share 9 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 ICICI Prudential Infrastructure 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% | 2.26% |
| Ambuja CementsCement & Cement Products | 2.12% | 1.04% |
| CIE Automotive IndiaAuto Components | 1.04% | 0.87% |
| ABB IndiaElectrical Equipment | 0.49% | 1.56% |
| Sona BLW Precision ForgingsAuto Components | 0.43% | 1.11% |
| GMM PfaudlerIndustrial Manufacturing | 0.28% | 1.27% |
| Siemens Energy IndiaElectrical Equipment | 0.94% | 0.25% |
| RHI Magnesita IndiaIndustrial Products | 0.24% | 0.48% |
| Carborundum UniversalIndustrial Products | 0.53% | 0.23% |
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.