HDFC Flexi Cap Fund vs ICICI Prudential Flexicap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
35.5%
Moderate overlap
Some shared stocks, different bets.
24
Common stocks
54
Only in HDFC Flexi Cap Fund
48
Only in ICICI Prudential Flexicap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
24 common stocks
HDFC Flexi Cap FundICICI Prudential Flexicap Fund| Stock | HDFC Flexi Cap Fund | ICICI Prudential Flexicap Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 9.19% | 7.37% | 7.37% |
| Zomato LtdConsumer Discretionary | 3.39% | 3.71% | 3.39% |
| Axis Bank LtdFinancial Services | 6.19% | 3.17% | 3.17% |
| HDFC Bank LtdFinancial Services | 5.71% | 3.03% | 3.03% |
| Maruti Suzuki India LtdConsumer Discretionary | 2.74% | 4.92% | 2.74% |
| State Bank Of IndiaFinancial Services | 4.16% | 2.08% | 2.08% |
| Interglobe Aviation LtdTransportation & Logistics | 2.98% | 1.90% | 1.90% |
| PB Fintech LtdTechnology | 1.52% | 1.46% | 1.46% |
| Bharti Airtel LtdCommunication Services | 2.58% | 1.09% | 1.09% |
| SBI Life Insurance Company LtdFinancial Services | 3.19% | 1.07% | 1.07% |
| Larsen & Toubro LtdIndustrials | 3.16% | 1.06% | 1.06% |
| Kotak Mahindra Bank LtdFinancial Services | 3.27% | 0.90% | 0.90% |
| TVS Motor Company LtdConsumer Discretionary | 0.85% | 9.34% | 0.85% |
| Eicher Motors LtdConsumer Discretionary | 2.44% | 0.84% | 0.84% |
| Lenskart Solutions LtdConsumer Discretionary | 0.70% | 2.22% | 0.70% |
| Britannia Industries LtdConsumer Staples | 0.70% | 0.95% | 0.70% |
| Ultratech Cement LtdMaterials | 0.87% | 0.62% | 0.62% |
| HCL Technologies LtdTechnology | 2.48% | 0.57% | 0.57% |
| Infosys LtdTechnology | 0.54% | 2.25% | 0.54% |
| Neuland Laboratories LtdHealthcare | 0.52% | 1.81% | 0.52% |
| Apar Industries LtdIndustrials | 0.26% | 1.27% | 0.26% |
| FSN E-Commerce Ventures LtdConsumer Discretionary | 0.75% | 0.24% | 0.24% |
| Rubicon Research LtdHealthcare | 0.21% | 0.85% | 0.21% |
| Bosch LtdConsumer Discretionary | 1.34% | 0.15% | 0.15% |
| Total | 59.74% | 52.87% | 35.46% |
Only in HDFC Flexi Cap Fund
54 stocks, 35.1% of the fund
- Cipla LtdHealthcare2.47%
- Power Grid Corporation Of India LtdUtilities2.04%
- Hyundai Motor India LtdConsumer Discretionary1.75%
- Divi'S Laboratories LtdHealthcare1.58%
- Max Healthcare Institute LtdHealthcare1.49%
- JSW Steel LtdMaterials1.45%
- Piramal Pharma LtdHealthcare1.44%
- Reliance Industries LtdEnergy1.44%
- Persistent Systems LtdTechnology1.34%
- Lupin LtdHealthcare0.94%
Only in ICICI Prudential Flexicap Fund
48 stocks, 43.7% of the fund
- Avenue Supermarts LtdConsumer Discretionary4.16%
- Mahindra & Mahindra LtdConsumer Discretionary3.23%
- R R Kabel LtdIndustrials2.53%
- Samvardhana Motherson International LtdConsumer Discretionary2.30%
- Ethos LtdConsumer Discretionary2.28%
- Sona Blw Precision Forgings LtdConsumer Discretionary1.98%
- Azad Engineering LtdIndustrials1.81%
- Travel Food Services LtdConsumer Discretionary1.67%
- PG Electroplast LtdConsumer Discretionary1.65%
- Shadowfax Technologies LtdTransportation & Logistics1.64%
Check another pair
More Flexi Cap pairs
- Parag Parikh Flexi Cap Fund vs HDFC Flexi Cap Fund
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- Parag Parikh Flexi Cap Fund vs ICICI Prudential Flexicap Fund
- HDFC Flexi Cap Fund vs Kotak Flexicap Fund
- HDFC Flexi Cap Fund vs Aditya Birla Sun Life Flexi Cap Fund
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.