HDFC Dividend Yield Fund vs UTI Dividend Yield Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
39.8%
Moderate overlap
Some shared stocks, different bets.
23
Common stocks
74
Only in HDFC Dividend Yield Fund
31
Only in UTI Dividend Yield Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
23 common stocks
HDFC Dividend Yield FundUTI Dividend Yield Fund| Stock | HDFC Dividend Yield Fund | UTI Dividend Yield Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 5.58% | 5.97% | 5.58% |
| HDFC Bank LtdFinancial Services | 4.82% | 7.71% | 4.82% |
| Bharti Airtel LtdCommunication Services | 2.55% | 2.88% | 2.55% |
| Axis Bank LtdFinancial Services | 3.72% | 2.50% | 2.50% |
| Kotak Mahindra Bank LtdFinancial Services | 2.33% | 2.89% | 2.33% |
| Tech Mahindra LtdTechnology | 2.26% | 3.13% | 2.26% |
| Maruti Suzuki India LtdConsumer Discretionary | 2.35% | 2.23% | 2.23% |
| State Bank Of IndiaFinancial Services | 2.09% | 3.44% | 2.09% |
| NTPC LtdUtilities | 1.64% | 1.82% | 1.64% |
| Eicher Motors LtdConsumer Discretionary | 1.65% | 1.58% | 1.58% |
| Infosys LtdTechnology | 1.53% | 2.55% | 1.53% |
| Tata Consultancy Services LtdTechnology | 1.42% | 1.91% | 1.42% |
| Tata Steel LtdMaterials | 1.32% | 1.56% | 1.32% |
| Aster Dm Healthcare LtdHealthcare | 1.26% | 1.42% | 1.26% |
| Cipla LtdHealthcare | 1.10% | 1.72% | 1.10% |
| Coal India LtdEnergy | 1.08% | 1.81% | 1.08% |
| ITC LtdConsumer Staples | 1.05% | 1.59% | 1.05% |
| Oil And Natural Gas Corporation LtdEnergy | 0.91% | 1.54% | 0.91% |
| Hindustan Aeronautics LtdIndustrials | 0.73% | 1.40% | 0.73% |
| Bharat Electronics LtdIndustrials | 0.63% | 1.59% | 0.63% |
| SKF India Industrial LtdIndustrials | 0.50% | 1.13% | 0.50% |
| Mahindra & Mahindra LtdConsumer Discretionary | 0.41% | 3.00% | 0.41% |
| Emami LtdConsumer Staples | 0.33% | 0.77% | 0.33% |
| Total | 41.26% | 56.14% | 39.85% |
Only in HDFC Dividend Yield Fund
74 stocks, 53.6% of the fund
- Larsen & Toubro LtdIndustrials2.68%
- Reliance Industries LtdEnergy2.29%
- Sun Pharmaceutical Industries LtdHealthcare2.20%
- Bajaj Auto LtdConsumer Discretionary2.13%
- SBI Life Insurance Company LtdFinancial Services1.87%
- Info Edge (India) LtdConsumer Discretionary1.70%
- HCL Technologies LtdTechnology1.69%
- Sterlite Technologies LtdTechnology1.56%
- Indusind Bank LtdFinancial Services1.55%
- Hindustan Unilever LtdConsumer Staples1.00%
Only in UTI Dividend Yield Fund
31 stocks, 36.0% of the fund
- Power Grid Corporation Of India LtdUtilities2.24%
- Torrent Pharmaceuticals LtdHealthcare2.01%
- Computer Age Management Services LtdFinancial Services1.81%
- Ajanta Pharma LtdHealthcare1.71%
- Mphasis LtdTechnology1.67%
- Hero Motocorp LtdConsumer Discretionary1.66%
- Mahindra & Mahindra Financial Services LtdFinancial Services1.53%
- Crompton Greaves Consumer Electricals LtdConsumer Discretionary1.44%
- Metropolis Healthcare LtdHealthcare1.36%
- Great Eastern Shipping Co. LtdTransportation & Logistics1.34%
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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.