HDFC Dividend Yield Fund vs ICICI Prudential Dividend Yield Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
43.4%
Moderate overlap
Some shared stocks, different bets.
29
Common stocks
68
Only in HDFC Dividend Yield Fund
39
Only in ICICI Prudential Dividend Yield Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
29 common stocks
HDFC Dividend Yield FundICICI Prudential Dividend Yield Fund| Stock | HDFC Dividend Yield Fund | ICICI Prudential Dividend Yield Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 5.58% | 6.70% | 5.58% |
| HDFC Bank LtdFinancial Services | 4.82% | 6.93% | 4.82% |
| Axis Bank LtdFinancial Services | 3.72% | 4.32% | 3.72% |
| Larsen & Toubro LtdIndustrials | 2.68% | 3.00% | 2.68% |
| Bharti Airtel LtdCommunication Services | 2.55% | 2.48% | 2.48% |
| Maruti Suzuki India LtdConsumer Discretionary | 2.35% | 3.25% | 2.35% |
| Reliance Industries LtdEnergy | 2.29% | 3.91% | 2.29% |
| Sun Pharmaceutical Industries LtdHealthcare | 2.20% | 5.40% | 2.20% |
| NTPC LtdUtilities | 1.64% | 3.34% | 1.64% |
| Tata Consultancy Services LtdTechnology | 1.42% | 2.23% | 1.42% |
| State Bank Of IndiaFinancial Services | 2.09% | 1.37% | 1.37% |
| SBI Life Insurance Company LtdFinancial Services | 1.87% | 1.32% | 1.32% |
| Infosys LtdTechnology | 1.53% | 1.18% | 1.18% |
| Hindustan Unilever LtdConsumer Staples | 1.00% | 1.31% | 1.00% |
| Oil And Natural Gas Corporation LtdEnergy | 0.91% | 1.26% | 0.91% |
| Indusind Bank LtdFinancial Services | 1.55% | 0.87% | 0.87% |
| Kotak Mahindra Bank LtdFinancial Services | 2.33% | 0.85% | 0.85% |
| Cummins India LtdIndustrials | 0.73% | 2.29% | 0.73% |
| Tata Steel LtdMaterials | 1.32% | 0.67% | 0.67% |
| ITC LtdConsumer Staples | 1.05% | 0.64% | 0.64% |
| Ambuja Cements LtdMaterials | 0.93% | 0.63% | 0.63% |
| Tata Communications LtdCommunication Services | 0.62% | 0.89% | 0.62% |
| TML Commercial Vehicles LtdIndustrials | 0.59% | 1.08% | 0.59% |
| REC LtdFinancial Services | 0.58% | 1.71% | 0.58% |
| HDFC Life Insurance Company LtdFinancial Services | 0.57% | 0.54% | 0.54% |
| Interglobe Aviation LtdTransportation & Logistics | 0.45% | 3.16% | 0.45% |
| Sagility India LtdTechnology | 0.55% | 0.44% | 0.44% |
| Mahindra & Mahindra LtdConsumer Discretionary | 0.41% | 1.01% | 0.41% |
| CESC LtdUtilities | 0.78% | 0.38% | 0.38% |
| Total | 49.11% | 63.16% | 43.36% |
Only in HDFC Dividend Yield Fund
68 stocks, 45.8% of the fund
- Tech Mahindra LtdTechnology2.26%
- Bajaj Auto LtdConsumer Discretionary2.13%
- Info Edge (India) LtdConsumer Discretionary1.70%
- HCL Technologies LtdTechnology1.69%
- Eicher Motors LtdConsumer Discretionary1.65%
- Sterlite Technologies LtdTechnology1.56%
- Aster Dm Healthcare LtdHealthcare1.26%
- Cipla LtdHealthcare1.10%
- Coal India LtdEnergy1.08%
- Balrampur Chini Mills LtdConsumer Staples0.97%
Only in ICICI Prudential Dividend Yield Fund
39 stocks, 30.9% of the fund
- Ultratech Cement LtdMaterials2.35%
- Life Insurance Corporation Of IndiaFinancial Services2.30%
- Avenue Supermarts LtdConsumer Discretionary2.18%
- Bajaj Holdings & Investment LtdFinancial Services2.17%
- Thyrocare Technologies LtdHealthcare1.91%
- Britannia Industries LtdConsumer Staples1.80%
- 360 One Wam LtdFinancial Services1.34%
- Bajaj Finance LtdFinancial Services1.20%
- Oberoi Realty LtdReal Estate1.19%
- PI Industries LtdAgriculture1.18%
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What is mutual fund portfolio overlap?
Portfolio overlap is the share of two funds' money that sits in the same stocks in the same amounts. Two flexi cap funds that both hold HDFC Bank, ICICI Bank and Reliance overlap by the smaller of their weights in each of those stocks.
How is portfolio overlap calculated?
For every stock both funds hold, take the smaller of the two weights, then add them up. If one fund holds HDFC Bank at 8% and the other at 5%, that stock adds 5% to the overlap. Only shares count; cash, bonds, deposits and REITs are left out. The figures use each fund's latest monthly portfolio disclosure.
Is high overlap between two funds bad?
Not by itself. RuDo studied 33,153 pairs of diversified equity funds over five years to September 2026. Funds from different fund houses with 50% to 70% overlap shared mostly the index's largest stocks, and holding both still made returns swing 12% to 15% less around the index than holding either one. Overlap above 70% came mostly from two funds of the same fund house, which hold nearly the same portfolio.
How often does the overlap change?
Fund houses disclose their portfolios every month, so the overlap is refreshed as each new disclosure arrives. It moves slowly for most diversified funds and faster for focused or high-turnover funds.
Based on each fund's monthly portfolio disclosure. Past performance does not indicate future returns.