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13 of 128 unique stocks in common · Jaccard: 10.2%
A weighted portfolio overlap of 18.54% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.54 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 5.27% in HDFC Manufacturing Fund and 4.31% in Tata Flexi 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 Tata |
|---|---|---|
| Reliance IndustriesPetroleum Products | 5.27% | 4.31% |
| Maruti Suzuki IndiaAutomobiles | 3.63% | 2.38% |
| Ambuja CementsCement & Cement Products | 2.12% | 2.33% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.87% | 1.74% |
| JSW SteelFerrous Metals | 3.46% | 1.64% |
| Godrej Consumer ProductsPersonal Products | 1.76% | 1.56% |
| Bharat ForgeAuto Components | 2.27% | 1.21% |
| Dabur IndiaPersonal Products | 0.90% | 1.42% |
| Jindal SteelFerrous Metals | 0.90% | 1.15% |
| Bharat Petroleum CorporationPetroleum Products | 1.64% | 0.65% |
| Sona BLW Precision ForgingsAuto Components | 0.43% | 1.80% |
| Bajaj ElectricalsConsumer Durables | 0.36% | 0.98% |
| Samvardhana Motherson InternationalAuto Components | 0.34% | 2.08% |
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.