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10 of 117 unique stocks in common · Jaccard: 8.5%
A weighted portfolio overlap of 15.28% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.28 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is JSW Steel, which commands a weight of 3.46% in HDFC Manufacturing Fund and 2.78% in Tata Resources & Energy Fund. Holding both schemes increases your concentration in JSW Steel 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 |
|---|---|---|
| JSW SteelFerrous Metals | 3.46% | 2.78% |
| Ambuja CementsCement & Cement Products | 2.12% | 4.54% |
| Reliance IndustriesPetroleum Products | 5.27% | 1.91% |
| Hindustan Petroleum CorporationPetroleum Products | 2.04% | 1.85% |
| Tata SteelFerrous Metals | 1.85% | 4.52% |
| Bharat Petroleum CorporationPetroleum Products | 1.64% | 2.27% |
| Hindalco IndustriesNon - Ferrous Metals | 2.29% | 1.59% |
| Jindal SteelFerrous Metals | 0.90% | 3.15% |
| West Coast Paper MillsPaper, Forest & Jute Products | 0.40% | 1.65% |
| RHI Magnesita IndiaIndustrial Products | 0.24% | 0.28% |
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.