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23 of 137 unique stocks in common · Jaccard: 16.8%
A weighted portfolio overlap of 39.32% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹39.32 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.26% in HDFC Value Fund and 6.53% in Nippon India Flexi Cap Fund. Holding both schemes increases your concentration in HDFC 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 Nippon |
|---|---|---|
| HDFC BankBanks | 5.26% | 6.53% |
| ICICI BankBanks | 6.44% | 4.67% |
| Axis BankBanks | 4.27% | 3.32% |
| Larsen & ToubroConstruction | 2.93% | 3.68% |
| InfosysIT - Software | 2.70% | 3.28% |
| NTPCPower | 2.65% | 2.30% |
| Reliance IndustriesPetroleum Products | 2.26% | 3.41% |
| State Bank of IndiaBanks | 3.49% | 1.85% |
| SBI Life Insurance CompanyInsurance | 2.13% | 1.77% |
| Maruti Suzuki IndiaAutomobiles | 1.29% | 1.46% |
| Tech MahindraIT - Software | 1.72% | 1.13% |
| Ultratech CementCement & Cement Products | 1.11% | 1.92% |
| TrentRetailing | 1.10% | 1.53% |
| Bharti AirtelTelecom - Services | 3.25% | 1.07% |
| LupinPharmaceuticals & Biotechnology | 1.47% | 1.03% |
| Hindustan UnileverDiversified FMCG | 1.01% | 1.13% |
| Godrej Consumer ProductsPersonal Products | 1.29% | 0.96% |
| Jindal SteelFerrous Metals | 0.87% | 0.94% |
| CESCPower | 0.80% | 0.65% |
| Zensar TechnologiesIT - Software | 0.61% | 0.89% |
| InterGlobe AviationTransport Services | 0.72% | 0.57% |
| Electronics Mart IndiaRetailing | 0.54% | 2.52% |
| Equitas Small Finance BankBanks | 1.01% | 0.32% |
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.