Loading fund overlap…
11 of 115 unique stocks in common · Jaccard: 9.6%
A weighted portfolio overlap of 17.49% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.49 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 4.27% in HDFC Value Fund and 3.74% in Tata Business Cycle Fund. Holding both schemes increases your concentration in Axis 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 Tata |
|---|---|---|
| Axis BankBanks | 4.27% | 3.74% |
| HDFC BankBanks | 5.26% | 3.07% |
| Larsen & ToubroConstruction | 2.93% | 3.09% |
| Reliance IndustriesPetroleum Products | 2.26% | 4.82% |
| Acme Solar HoldingsPower | 1.10% | 1.44% |
| Ambuja CementsCement & Cement Products | 1.04% | 2.61% |
| Hindustan UnileverDiversified FMCG | 1.01% | 1.01% |
| Five Star Business FinanceFinance | 1.31% | 0.91% |
| Jindal SteelFerrous Metals | 0.87% | 3.76% |
| Tata CapitalFinance | 1.31% | 0.55% |
| Kwality Walls IndiaFood Products | 0.01% | 0.01% |
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.