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12 of 121 unique stocks in common · Jaccard: 9.9%
A weighted portfolio overlap of 13.28% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.28 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is The Federal Bank, which commands a weight of 4.36% in HDFC Mid Cap Fund and 2.65% in SBI Midcap Fund. Holding both schemes increases your concentration in The Federal Bank 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 SBI |
|---|---|---|
| The Federal BankBanks | 4.36% | 2.65% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 2.01% | 1.97% |
| Mahindra & Mahindra Financial ServicesFinance | 2.43% | 1.58% |
| AIA EngineeringIndustrial Products | 1.48% | 1.89% |
| Bharat ForgeAuto Components | 1.35% | 2.44% |
| Star Health And Allied Insurance CompanyInsurance | 1.18% | 1.56% |
| ICICI Lombard General Insurance CompanyInsurance | 0.83% | 2.67% |
| Sundram FastenersAuto Components | 0.67% | 1.61% |
| Max Financial ServicesInsurance | 3.72% | 0.62% |
| Supreme IndustriesIndustrial Products | 0.55% | 2.85% |
| Colgate Palmolive (India)Personal Products | 0.21% | 1.53% |
| Billionbrains Garage VenturesCapital Markets | 0.19% | 1.11% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.