HDFC Large & Mid Cap Fund vs SBI Large & Midcap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
25.6%
Moderate overlap
Some shared stocks, different bets.
27
Common stocks
73
Only in HDFC Large & Mid Cap Fund
58
Only in SBI Large & Midcap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
27 common stocks
HDFC Large & Mid Cap FundSBI Large & Midcap Fund| Stock | HDFC Large & Mid Cap Fund | SBI Large & Midcap Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 3.79% | 3.98% | 3.79% |
| HDFC Bank LtdFinancial Services | 3.43% | 6.36% | 3.43% |
| Axis Bank LtdFinancial Services | 1.95% | 3.38% | 1.95% |
| State Bank Of IndiaFinancial Services | 1.47% | 2.88% | 1.47% |
| Gland Pharma LtdHealthcare | 1.33% | 2.17% | 1.33% |
| Aurobindo Pharma LtdHealthcare | 1.22% | 1.91% | 1.22% |
| Bharat Forge LtdConsumer Discretionary | 0.94% | 2.34% | 0.94% |
| Infosys LtdTechnology | 1.12% | 0.94% | 0.94% |
| Balkrishna Industries LtdConsumer Discretionary | 0.85% | 2.53% | 0.85% |
| Alkem Laboratories LtdHealthcare | 0.79% | 1.86% | 0.79% |
| Lupin LtdHealthcare | 1.01% | 0.79% | 0.79% |
| Divi'S Laboratories LtdHealthcare | 0.76% | 1.86% | 0.76% |
| Jindal Steel & Power LtdMaterials | 0.75% | 1.83% | 0.75% |
| Adani Transmission LtdUtilities | 0.70% | 0.91% | 0.70% |
| HCL Technologies LtdTechnology | 0.84% | 0.68% | 0.68% |
| FSN E-Commerce Ventures LtdConsumer Discretionary | 0.62% | 1.49% | 0.62% |
| Ashok Leyland LtdIndustrials | 0.58% | 2.32% | 0.58% |
| Tata Steel LtdMaterials | 0.53% | 0.60% | 0.53% |
| Hindustan Unilever LtdConsumer Staples | 0.48% | 1.35% | 0.48% |
| Swiggy LtdConsumer Discretionary | 0.45% | 2.05% | 0.45% |
| Voltas LtdConsumer Discretionary | 0.42% | 0.53% | 0.42% |
| Timken India LtdIndustrials | 0.42% | 0.42% | 0.42% |
| Biocon LtdHealthcare | 0.41% | 2.29% | 0.41% |
| TML Commercial Vehicles LtdIndustrials | 0.40% | 2.37% | 0.40% |
| Endurance Technologies LtdConsumer Discretionary | 0.38% | 0.62% | 0.38% |
| Hero Motocorp LtdConsumer Discretionary | 0.43% | 0.37% | 0.37% |
| Sun Pharmaceutical Industries LtdHealthcare | 0.73% | 0.14% | 0.14% |
| Total | 26.80% | 48.97% | 25.59% |
Only in HDFC Large & Mid Cap Fund
73 stocks, 52.4% of the fund
- Bharti Airtel LtdCommunication Services1.74%
- Reliance Industries LtdEnergy1.44%
- Fortis Healthcare LtdHealthcare1.42%
- Prestige Estates Projects LtdReal Estate1.35%
- Max Financial Services LtdFinancial Services1.35%
- Maruti Suzuki India LtdConsumer Discretionary1.31%
- Indusind Bank LtdFinancial Services1.26%
- Mphasis LtdTechnology1.23%
- Mahindra & Mahindra Financial Services LtdFinancial Services1.21%
- Shriram Finance LtdFinancial Services1.18%
Only in SBI Large & Midcap Fund
58 stocks, 49.7% of the fund
- Asian Paints LtdConsumer Discretionary2.41%
- Berger Paints India LtdConsumer Discretionary2.35%
- Adani Enterprises LtdMaterials2.31%
- Ltimindtree LtdTechnology1.89%
- Abbott India LtdHealthcare1.88%
- Torrent Power LtdUtilities1.87%
- Colgate-Palmolive (India) LtdConsumer Staples1.86%
- Shree Cements LtdMaterials1.84%
- United Breweries LtdConsumer Staples1.77%
- HDFC Life Insurance Company LtdFinancial Services1.75%
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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.