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17 of 147 unique stocks in common · Jaccard: 11.6%
A weighted portfolio overlap of 20.16% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.16 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 5.27% in HDFC Manufacturing Fund and 5.41% in ICICI Prudential Large Cap 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% | 5.41% |
| Maruti Suzuki IndiaAutomobiles | 3.63% | 3.55% |
| Mahindra & MahindraAutomobiles | 3.59% | 2.34% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.87% | 2.65% |
| Hindustan AeronauticsAerospace & Defense | 2.50% | 1.11% |
| Hyundai Motor IndiaAutomobiles | 1.56% | 0.95% |
| Cummins IndiaIndustrial Products | 2.53% | 0.91% |
| SiemensElectrical Equipment | 1.25% | 0.77% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 2.57% | 0.68% |
| Bharat Petroleum CorporationPetroleum Products | 1.64% | 0.60% |
| Tata SteelFerrous Metals | 1.85% | 0.43% |
| ABB IndiaElectrical Equipment | 0.49% | 0.36% |
| Tata Motors Passenger VehiclesAutomobiles | 2.74% | 0.36% |
| Godrej Consumer ProductsPersonal Products | 1.76% | 0.33% |
| Havells IndiaConsumer Durables | 1.00% | 0.28% |
| LupinPharmaceuticals & Biotechnology | 1.75% | 0.19% |
| Bajaj AutoAutomobiles | 2.43% | 0.17% |
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.