HDFC Large Cap Fund vs ICICI Prudential Large Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
48.9%
Moderate overlap
Some shared stocks, different bets.
32
Common stocks
15
Only in HDFC Large Cap Fund
52
Only in ICICI Prudential Large Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
32 common stocks
HDFC Large Cap FundICICI Prudential Large Cap Fund| Stock | HDFC Large Cap Fund | ICICI Prudential Large Cap Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 10.05% | 9.34% | 9.34% |
| HDFC Bank LtdFinancial Services | 6.88% | 7.86% | 6.88% |
| Reliance Industries LtdEnergy | 4.78% | 5.59% | 4.78% |
| Bharti Airtel LtdCommunication Services | 6.23% | 3.98% | 3.98% |
| Axis Bank LtdFinancial Services | 3.49% | 4.08% | 3.49% |
| Infosys LtdTechnology | 2.76% | 2.74% | 2.74% |
| Kotak Mahindra Bank LtdFinancial Services | 5.71% | 2.47% | 2.47% |
| Larsen & Toubro LtdIndustrials | 1.99% | 4.11% | 1.99% |
| NTPC LtdUtilities | 1.83% | 2.00% | 1.83% |
| State Bank Of IndiaFinancial Services | 1.89% | 1.41% | 1.41% |
| Interglobe Aviation LtdTransportation & Logistics | 1.97% | 1.36% | 1.36% |
| United Spirits LtdConsumer Staples | 1.78% | 0.88% | 0.88% |
| Hyundai Motor India LtdConsumer Discretionary | 1.21% | 0.79% | 0.79% |
| TML Commercial Vehicles LtdIndustrials | 2.02% | 0.70% | 0.70% |
| Mahindra & Mahindra LtdConsumer Discretionary | 0.65% | 2.47% | 0.65% |
| Max Healthcare Institute LtdHealthcare | 1.72% | 0.65% | 0.65% |
| Zomato LtdConsumer Discretionary | 2.49% | 0.50% | 0.50% |
| Eicher Motors LtdConsumer Discretionary | 1.03% | 0.50% | 0.50% |
| Swiggy LtdConsumer Discretionary | 1.30% | 0.49% | 0.49% |
| Havells India LtdConsumer Discretionary | 1.35% | 0.43% | 0.43% |
| Titan Company LtdConsumer Discretionary | 5.27% | 0.41% | 0.41% |
| Life Insurance Corporation Of IndiaFinancial Services | 0.41% | 2.61% | 0.41% |
| Tata Motors LtdConsumer Discretionary | 0.41% | 0.46% | 0.41% |
| DLF LtdReal Estate | 0.37% | 1.32% | 0.37% |
| Cummins India LtdIndustrials | 0.29% | 0.80% | 0.29% |
| Bajaj Finserv LtdFinancial Services | 3.33% | 0.24% | 0.24% |
| Maruti Suzuki India LtdConsumer Discretionary | 0.24% | 2.93% | 0.24% |
| Lupin LtdHealthcare | 2.53% | 0.17% | 0.17% |
| SBI Life Insurance Company LtdFinancial Services | 0.17% | 0.93% | 0.17% |
| Hindalco Industries LtdMaterials | 0.23% | 0.17% | 0.17% |
| Bharat Electronics LtdIndustrials | 0.47% | 0.13% | 0.13% |
| Adani Ports And Special Economic Zone LtdTransportation & Logistics | 0.87% | 0.06% | 0.06% |
| Total | 75.72% | 62.58% | 48.93% |
Only in HDFC Large Cap Fund
15 stocks, 22.9% of the fund
- Torrent Pharmaceuticals LtdHealthcare4.04%
- Bajaj Auto LtdConsumer Discretionary2.93%
- Cholamandalam Investment and Finance Company LtdFinancial Services2.44%
- Ambuja Cements LtdMaterials2.24%
- Mankind Pharma LtdHealthcare1.66%
- Indusind Bank LtdFinancial Services1.57%
- ICICI Prudential Asset Management Co LtdFinancial Services1.43%
- Vishal Mega Mart LtdConsumer Discretionary1.37%
- Tata Consumer Products LtdConsumer Staples1.31%
- SRF LtdMaterials0.89%
Only in ICICI Prudential Large Cap Fund
52 stocks, 32.7% of the fund
- Ultratech Cement LtdMaterials2.91%
- Sun Pharmaceutical Industries LtdHealthcare2.24%
- Asian Paints LtdConsumer Discretionary1.55%
- Tata Steel LtdMaterials1.49%
- HDFC Asset Management Company LtdFinancial Services1.09%
- Avenue Supermarts LtdConsumer Discretionary1.09%
- HDFC Life Insurance Company LtdFinancial Services1.07%
- ICICI Prudential Life Insurance Company LtdFinancial Services1.05%
- Hindustan Aeronautics LtdIndustrials1.05%
- Hero Motocorp LtdConsumer Discretionary1.00%
Check another pair
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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.