HDFC Large & Mid Cap Fund vs Mirae Asset Large & Midcap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
37.7%
Moderate overlap
Some shared stocks, different bets.
40
Common stocks
60
Only in HDFC Large & Mid Cap Fund
41
Only in Mirae Asset Large & Midcap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
40 common stocks
HDFC Large & Mid Cap FundMirae Asset Large & Midcap Fund| Stock | HDFC Large & Mid Cap Fund | Mirae Asset Large & Midcap Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 3.79% | 3.90% | 3.79% |
| HDFC Bank LtdFinancial Services | 3.43% | 5.99% | 3.43% |
| Axis Bank LtdFinancial Services | 1.95% | 3.43% | 1.95% |
| Bharti Airtel LtdCommunication Services | 1.74% | 2.19% | 1.74% |
| State Bank Of IndiaFinancial Services | 1.47% | 3.08% | 1.47% |
| Reliance Industries LtdEnergy | 1.44% | 2.93% | 1.44% |
| Prestige Estates Projects LtdReal Estate | 1.35% | 1.52% | 1.35% |
| Maruti Suzuki India LtdConsumer Discretionary | 1.31% | 1.35% | 1.31% |
| Indusind Bank LtdFinancial Services | 1.26% | 1.96% | 1.26% |
| Gland Pharma LtdHealthcare | 1.33% | 1.23% | 1.23% |
| Infosys LtdTechnology | 1.12% | 1.34% | 1.12% |
| Kotak Mahindra Bank LtdFinancial Services | 1.16% | 1.04% | 1.04% |
| Lupin LtdHealthcare | 1.01% | 1.88% | 1.01% |
| Larsen & Toubro LtdIndustrials | 0.98% | 1.51% | 0.98% |
| Bharat Forge LtdConsumer Discretionary | 0.94% | 1.66% | 0.94% |
| Interglobe Aviation LtdTransportation & Logistics | 0.84% | 1.19% | 0.84% |
| Hindalco Industries LtdMaterials | 0.80% | 1.94% | 0.80% |
| L&T Finance Holdings LtdFinancial Services | 0.79% | 0.88% | 0.79% |
| Divi'S Laboratories LtdHealthcare | 0.76% | 1.39% | 0.76% |
| NTPC LtdUtilities | 0.75% | 0.84% | 0.75% |
| Persistent Systems LtdTechnology | 0.73% | 1.58% | 0.73% |
| Sun Pharmaceutical Industries LtdHealthcare | 0.73% | 1.29% | 0.73% |
| Bharat Electronics LtdIndustrials | 0.68% | 0.84% | 0.68% |
| Tata Consultancy Services LtdTechnology | 0.66% | 1.47% | 0.66% |
| FSN E-Commerce Ventures LtdConsumer Discretionary | 0.62% | 1.33% | 0.62% |
| Hindustan Petroleum Corporation LtdEnergy | 0.88% | 0.61% | 0.61% |
| Steel Authority Of India LtdMaterials | 0.56% | 2.26% | 0.56% |
| SBI Life Insurance Company LtdFinancial Services | 0.55% | 1.87% | 0.55% |
| Tata Steel LtdMaterials | 0.53% | 0.61% | 0.53% |
| SRF LtdMaterials | 0.52% | 0.86% | 0.52% |
| Hindustan Aeronautics LtdIndustrials | 0.63% | 0.50% | 0.50% |
| Aditya Birla Capital LtdFinancial Services | 0.50% | 0.52% | 0.50% |
| PB Fintech LtdTechnology | 0.45% | 2.67% | 0.45% |
| Swiggy LtdConsumer Discretionary | 0.45% | 1.54% | 0.45% |
| Hero Motocorp LtdConsumer Discretionary | 0.43% | 1.87% | 0.43% |
| Tata Communications LtdCommunication Services | 0.42% | 1.79% | 0.42% |
| Mahindra & Mahindra LtdConsumer Discretionary | 0.39% | 0.96% | 0.39% |
| Zomato LtdConsumer Discretionary | 1.12% | 0.33% | 0.33% |
| Federal Bank LtdFinancial Services | 0.61% | 0.04% | 0.04% |
| Power Finance Corporation LtdFinancial Services | 0.39% | 0.02% | 0.02% |
| Total | 40.07% | 64.21% | 37.72% |
Only in HDFC Large & Mid Cap Fund
60 stocks, 39.1% of the fund
- Fortis Healthcare LtdHealthcare1.42%
- Max Financial Services LtdFinancial Services1.35%
- Mphasis LtdTechnology1.23%
- Aurobindo Pharma LtdHealthcare1.22%
- Mahindra & Mahindra Financial Services LtdFinancial Services1.21%
- Shriram Finance LtdFinancial Services1.18%
- Ajanta Pharma LtdHealthcare1.07%
- Ipca Laboratories LtdHealthcare0.92%
- Coforge LtdTechnology0.91%
- Eicher Motors LtdConsumer Discretionary0.91%
Only in Mirae Asset Large & Midcap Fund
41 stocks, 34.9% of the fund
- Laurus Labs LtdHealthcare3.79%
- Delhivery LtdTransportation & Logistics1.97%
- HDB Financial Services LtdFinancial Services1.88%
- Dalmia Bharat LtdMaterials1.87%
- Narayana Hrudayalaya LtdHealthcare1.74%
- Vedanta Aluminium Metal LtdMaterials1.58%
- One 97 Communications LtdTechnology1.32%
- Container Corporation Of India LtdTransportation & Logistics1.29%
- Dixon Technologies (India) LtdConsumer Discretionary1.26%
- Ceat LtdConsumer Discretionary1.14%
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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.