HDFC Flexi Cap Fund vs Parag Parikh Flexi Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
30.3%
Moderate overlap
Some shared stocks, different bets.
20
Common stocks
58
Only in HDFC Flexi Cap Fund
33
Only in Parag Parikh Flexi Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
20 common stocks
HDFC Flexi Cap FundParag Parikh Flexi Cap Fund| Stock | HDFC Flexi Cap Fund | Parag Parikh Flexi Cap Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 5.71% | 7.63% | 5.71% |
| ICICI Bank LtdFinancial Services | 9.19% | 5.67% | 5.67% |
| Kotak Mahindra Bank LtdFinancial Services | 3.27% | 4.40% | 3.27% |
| Axis Bank LtdFinancial Services | 6.19% | 2.97% | 2.97% |
| Maruti Suzuki India LtdConsumer Discretionary | 2.74% | 2.68% | 2.68% |
| Bharti Airtel LtdCommunication Services | 2.58% | 2.80% | 2.58% |
| HCL Technologies LtdTechnology | 2.48% | 4.15% | 2.48% |
| Power Grid Corporation Of India LtdUtilities | 2.04% | 5.58% | 2.04% |
| Cipla LtdHealthcare | 2.47% | 1.37% | 1.37% |
| Infosys LtdTechnology | 0.54% | 3.29% | 0.54% |
| Reliance Industries LtdEnergy | 1.44% | 0.35% | 0.35% |
| Mahindra Cie Automotive LtdConsumer Discretionary | 0.34% | 0.16% | 0.16% |
| State Bank Of IndiaFinancial Services | 4.16% | 0.09% | 0.09% |
| Divi'S Laboratories LtdHealthcare | 1.58% | 0.09% | 0.09% |
| Ultratech Cement LtdMaterials | 0.87% | 0.09% | 0.09% |
| Tata Steel LtdMaterials | 0.88% | 0.05% | 0.05% |
| Oil And Natural Gas Corporation LtdEnergy | 0.26% | 0.05% | 0.05% |
| Bharat Electronics LtdIndustrials | 0.62% | 0.04% | 0.04% |
| Eicher Motors LtdConsumer Discretionary | 2.44% | 0.03% | 0.03% |
| TVS Motor Company LtdConsumer Discretionary | 0.85% | 0.03% | 0.03% |
| Total | 50.65% | 41.52% | 30.29% |
Only in HDFC Flexi Cap Fund
58 stocks, 44.2% of the fund
- Zomato LtdConsumer Discretionary3.39%
- SBI Life Insurance Company LtdFinancial Services3.19%
- Larsen & Toubro LtdIndustrials3.16%
- Interglobe Aviation LtdTransportation & Logistics2.98%
- Hyundai Motor India LtdConsumer Discretionary1.75%
- PB Fintech LtdTechnology1.52%
- Max Healthcare Institute LtdHealthcare1.49%
- JSW Steel LtdMaterials1.45%
- Piramal Pharma LtdHealthcare1.44%
- Persistent Systems LtdTechnology1.34%
Only in Parag Parikh Flexi Cap Fund
33 stocks, 42.5% of the fund
- ITC LtdConsumer Staples5.26%
- Bajaj Holdings & Investment LtdFinancial Services5.14%
- Coal India LtdEnergy5.02%
- Alphabet IncTechnology4.14%
- Mahindra & Mahindra LtdConsumer Discretionary3.97%
- Tata Consultancy Services LtdTechnology2.88%
- Microsoft CorpTechnology2.40%
- Amazon Com IncConsumer Discretionary2.33%
- Meta Platforms Registered Shares ACommunication Services2.18%
- Zydus Lifesciences LtdHealthcare1.52%
Check another pair
More Flexi Cap pairs
- Parag Parikh Flexi Cap Fund vs Kotak Flexicap Fund
- Parag Parikh Flexi Cap Fund vs Aditya Birla Sun Life Flexi Cap Fund
- 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
- HDFC Flexi Cap Fund vs ICICI Prudential Flexicap 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.