HDFC Large & Mid Cap Fund vs ICICI Prudential Large & Mid Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
19.5%
Low overlap
Largely different portfolios.
34
Common stocks
66
Only in HDFC Large & Mid Cap Fund
64
Only in ICICI Prudential Large & Mid Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
34 common stocks
HDFC Large & Mid Cap FundICICI Prudential Large & Mid Cap Fund| Stock | HDFC Large & Mid Cap Fund | ICICI Prudential Large & Mid Cap Fund | Overlap |
|---|---|---|---|
| Maruti Suzuki India LtdConsumer Discretionary | 1.31% | 1.69% | 1.31% |
| Indusind Bank LtdFinancial Services | 1.26% | 2.74% | 1.26% |
| ICICI Bank LtdFinancial Services | 3.79% | 1.02% | 1.02% |
| HDFC Bank LtdFinancial Services | 3.43% | 1.02% | 1.02% |
| Bharat Forge LtdConsumer Discretionary | 0.94% | 1.23% | 0.94% |
| Eicher Motors LtdConsumer Discretionary | 0.91% | 1.14% | 0.91% |
| Hindustan Petroleum Corporation LtdEnergy | 0.88% | 2.54% | 0.88% |
| Balkrishna Industries LtdConsumer Discretionary | 0.85% | 0.95% | 0.85% |
| Interglobe Aviation LtdTransportation & Logistics | 0.84% | 3.75% | 0.84% |
| Hindalco Industries LtdMaterials | 0.80% | 2.40% | 0.80% |
| Jindal Steel & Power LtdMaterials | 0.75% | 2.61% | 0.75% |
| NTPC LtdUtilities | 0.75% | 0.79% | 0.75% |
| Sun Pharmaceutical Industries LtdHealthcare | 0.73% | 0.79% | 0.73% |
| FSN E-Commerce Ventures LtdConsumer Discretionary | 0.62% | 1.87% | 0.62% |
| Tata Steel LtdMaterials | 0.53% | 0.87% | 0.53% |
| Bharat Electronics LtdIndustrials | 0.68% | 0.50% | 0.50% |
| PB Fintech LtdTechnology | 0.45% | 1.50% | 0.45% |
| Sona Blw Precision Forgings LtdConsumer Discretionary | 0.44% | 3.06% | 0.44% |
| Hero Motocorp LtdConsumer Discretionary | 0.43% | 0.90% | 0.43% |
| Axis Bank LtdFinancial Services | 1.95% | 0.40% | 0.40% |
| Prestige Estates Projects LtdReal Estate | 1.35% | 0.40% | 0.40% |
| TML Commercial Vehicles LtdIndustrials | 0.40% | 0.94% | 0.40% |
| Blue Star LtdConsumer Discretionary | 0.40% | 0.44% | 0.40% |
| Mahindra & Mahindra LtdConsumer Discretionary | 0.39% | 1.24% | 0.39% |
| Bharat Petroleum Corpn. LtdEnergy | 0.39% | 1.18% | 0.39% |
| Hyundai Motor India LtdConsumer Discretionary | 0.38% | 1.36% | 0.38% |
| SBI Life Insurance Company LtdFinancial Services | 0.55% | 0.28% | 0.28% |
| Bank Of BarodaFinancial Services | 0.39% | 0.28% | 0.28% |
| Bajaj Finance LtdFinancial Services | 0.89% | 0.25% | 0.25% |
| SRF LtdMaterials | 0.52% | 0.24% | 0.24% |
| Voltas LtdConsumer Discretionary | 0.42% | 0.20% | 0.20% |
| Solar Industries India LtdMaterials | 0.74% | 0.19% | 0.19% |
| Ashok Leyland LtdIndustrials | 0.58% | 0.16% | 0.16% |
| Endurance Technologies LtdConsumer Discretionary | 0.38% | 0.13% | 0.13% |
| Total | 30.12% | 39.06% | 19.52% |
Only in HDFC Large & Mid Cap Fund
66 stocks, 49.0% of the fund
- Bharti Airtel LtdCommunication Services1.74%
- State Bank Of IndiaFinancial Services1.47%
- Reliance Industries LtdEnergy1.44%
- Fortis Healthcare LtdHealthcare1.42%
- Max Financial Services LtdFinancial Services1.35%
- Gland Pharma LtdHealthcare1.33%
- Mphasis LtdTechnology1.23%
- Aurobindo Pharma LtdHealthcare1.22%
- Mahindra & Mahindra Financial Services LtdFinancial Services1.21%
- Shriram Finance LtdFinancial Services1.18%
Only in ICICI Prudential Large & Mid Cap Fund
64 stocks, 57.8% of the fund
- SBI Cards And Payment Services LtdFinancial Services5.11%
- Bajaj Finserv LtdFinancial Services3.15%
- Multi Commodity Exchange of India LtdFinancial Services3.01%
- Ultratech Cement LtdMaterials2.60%
- Oberoi Realty LtdReal Estate2.47%
- KEI Industries LtdIndustrials2.19%
- Muthoot Finance LtdFinancial Services2.06%
- APL Apollo Tubes LtdIndustrials2.05%
- Polycab India LtdIndustrials1.93%
- Vedanta Aluminium Metal LtdMaterials1.75%
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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.