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16 of 147 unique stocks in common · Jaccard: 10.9%
A weighted portfolio overlap of 13.41% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.41 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is Bharat Forge, which commands a weight of 2.27% in HDFC Manufacturing Fund and 2.95% in ICICI Prudential Midcap Fund. Holding both schemes increases your concentration in Bharat Forge 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 |
|---|---|---|
| Bharat ForgeAuto Components | 2.27% | 2.95% |
| Cummins IndiaIndustrial Products | 2.53% | 2.25% |
| Hindustan Petroleum CorporationPetroleum Products | 2.04% | 3.68% |
| Dixon Technologies (India)Consumer Durables | 1.62% | 1.07% |
| Escorts KubotaAgricultural, Commercial & Construction Vehicles | 1.05% | 1.56% |
| Jindal SteelFerrous Metals | 0.90% | 4.32% |
| Ambuja CementsCement & Cement Products | 2.12% | 0.70% |
| Schaeffler IndiaAuto Components | 0.70% | 1.51% |
| BEMLAgricultural, Commercial & Construction Vehicles | 0.75% | 0.61% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.54% | 0.49% |
| Sona BLW Precision ForgingsAuto Components | 0.43% | 1.41% |
| Samvardhana Motherson InternationalAuto Components | 0.34% | 1.21% |
| Piramal PharmaPharmaceuticals & Biotechnology | 0.40% | 0.24% |
| Balkrishna IndustriesAuto Components | 1.11% | 0.13% |
| Carborundum UniversalIndustrial Products | 0.53% | 0.12% |
| Grindwell NortonIndustrial Products | 0.07% | 0.71% |
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.