HDFC Dividend Yield Fund vs SBI Dividend Yield Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
25.2%
Moderate overlap
Some shared stocks, different bets.
19
Common stocks
78
Only in HDFC Dividend Yield Fund
35
Only in SBI Dividend Yield Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
19 common stocks
HDFC Dividend Yield FundSBI Dividend Yield Fund| Stock | HDFC Dividend Yield Fund | SBI Dividend Yield Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 5.58% | 6.88% | 5.58% |
| Larsen & Toubro LtdIndustrials | 2.68% | 3.93% | 2.68% |
| Kotak Mahindra Bank LtdFinancial Services | 2.33% | 2.16% | 2.16% |
| Sun Pharmaceutical Industries LtdHealthcare | 2.20% | 2.09% | 2.09% |
| Tech Mahindra LtdTechnology | 2.26% | 2.07% | 2.07% |
| Eicher Motors LtdConsumer Discretionary | 1.65% | 1.88% | 1.65% |
| Bharti Airtel LtdCommunication Services | 2.55% | 1.27% | 1.27% |
| Aster Dm Healthcare LtdHealthcare | 1.26% | 1.33% | 1.26% |
| Oil And Natural Gas Corporation LtdEnergy | 0.91% | 1.10% | 0.91% |
| Nestle India LtdConsumer Staples | 0.86% | 2.12% | 0.86% |
| CESC LtdUtilities | 0.78% | 1.71% | 0.78% |
| Divi'S Laboratories LtdHealthcare | 0.68% | 1.70% | 0.68% |
| Gail (India) LtdEnergy | 0.64% | 2.08% | 0.64% |
| Biocon LtdHealthcare | 0.54% | 1.95% | 0.54% |
| SKF India Industrial LtdIndustrials | 0.50% | 1.26% | 0.50% |
| Interglobe Aviation LtdTransportation & Logistics | 0.45% | 2.57% | 0.45% |
| Asian Paints LtdConsumer Discretionary | 0.45% | 1.55% | 0.45% |
| Mahindra & Mahindra LtdConsumer Discretionary | 0.41% | 2.30% | 0.41% |
| Bosch LtdConsumer Discretionary | 0.71% | 0.18% | 0.18% |
| Total | 27.44% | 40.13% | 25.16% |
Only in HDFC Dividend Yield Fund
78 stocks, 67.4% of the fund
- HDFC Bank LtdFinancial Services4.82%
- Axis Bank LtdFinancial Services3.72%
- Maruti Suzuki India LtdConsumer Discretionary2.35%
- Reliance Industries LtdEnergy2.29%
- Bajaj Auto LtdConsumer Discretionary2.13%
- State Bank Of IndiaFinancial Services2.09%
- SBI Life Insurance Company LtdFinancial Services1.87%
- Info Edge (India) LtdConsumer Discretionary1.70%
- HCL Technologies LtdTechnology1.69%
- NTPC LtdUtilities1.64%
Only in SBI Dividend Yield Fund
35 stocks, 47.6% of the fund
- Life Insurance Corporation Of IndiaFinancial Services3.84%
- Acme Solar Holdings LtdUtilities3.51%
- Cholamandalam Investment and Finance Company LtdFinancial Services2.48%
- Vedanta Aluminium Metal LtdMaterials2.44%
- Aurobindo Pharma LtdHealthcare2.41%
- Adani Enterprises LtdMaterials2.26%
- Schaeffler India LtdConsumer Discretionary2.11%
- Manappuram Finance LtdFinancial Services1.87%
- Coforge LtdTechnology1.62%
- Glaxosmithkline Pharmaceuticals LtdHealthcare1.60%
Check another pair
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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.