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17 of 106 unique stocks in common · Jaccard: 16%
A weighted portfolio overlap of 31.94% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.94 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.44% in HDFC Value Fund and 6.12% in SBI Dividend Yield Fund. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 6.44% | 6.12% |
| State Bank of IndiaBanks | 3.49% | 4.20% |
| Larsen & ToubroConstruction | 2.93% | 4.08% |
| InfosysIT - Software | 2.70% | 3.00% |
| Axis BankBanks | 4.27% | 2.17% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.21% | 1.95% |
| Tech MahindraIT - Software | 1.72% | 1.95% |
| NTPCPower | 2.65% | 1.61% |
| Eicher MotorsAutomobiles | 1.37% | 1.74% |
| Britannia IndustriesFood Products | 1.35% | 1.35% |
| Bharti AirtelTelecom - Services | 3.25% | 1.32% |
| Maruti Suzuki IndiaAutomobiles | 1.29% | 2.37% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.28% | 1.72% |
| Ultratech CementCement & Cement Products | 1.11% | 1.31% |
| CESCPower | 0.80% | 2.08% |
| InterGlobe AviationTransport Services | 0.72% | 2.23% |
| Kwality Walls IndiaFood Products | 0.01% | 0.03% |
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.