HDFC Large Cap Fund vs Nippon India Large Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
41.9%
Moderate overlap
Some shared stocks, different bets.
23
Common stocks
24
Only in HDFC Large Cap Fund
43
Only in Nippon India Large Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
23 common stocks
HDFC Large Cap FundNippon India Large Cap Fund| Stock | HDFC Large Cap Fund | Nippon India Large Cap Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 6.88% | 8.65% | 6.88% |
| ICICI Bank LtdFinancial Services | 10.05% | 6.71% | 6.71% |
| Reliance Industries LtdEnergy | 4.78% | 4.11% | 4.11% |
| Axis Bank LtdFinancial Services | 3.49% | 5.29% | 3.49% |
| Infosys LtdTechnology | 2.76% | 3.63% | 2.76% |
| Larsen & Toubro LtdIndustrials | 1.99% | 3.70% | 1.99% |
| Kotak Mahindra Bank LtdFinancial Services | 5.71% | 1.94% | 1.94% |
| State Bank Of IndiaFinancial Services | 1.89% | 2.95% | 1.89% |
| Zomato LtdConsumer Discretionary | 2.49% | 1.82% | 1.82% |
| NTPC LtdUtilities | 1.83% | 1.82% | 1.82% |
| Swiggy LtdConsumer Discretionary | 1.30% | 1.18% | 1.18% |
| Bajaj Auto LtdConsumer Discretionary | 2.93% | 1.07% | 1.07% |
| Lupin LtdHealthcare | 2.53% | 0.88% | 0.88% |
| Tata Consumer Products LtdConsumer Staples | 1.31% | 0.87% | 0.87% |
| Mankind Pharma LtdHealthcare | 1.66% | 0.86% | 0.86% |
| Cholamandalam Investment and Finance Company LtdFinancial Services | 2.44% | 0.79% | 0.79% |
| Vishal Mega Mart LtdConsumer Discretionary | 1.37% | 0.72% | 0.72% |
| Mahindra & Mahindra LtdConsumer Discretionary | 0.65% | 2.92% | 0.65% |
| United Spirits LtdConsumer Staples | 1.78% | 0.59% | 0.59% |
| Life Insurance Corporation Of IndiaFinancial Services | 0.41% | 0.33% | 0.33% |
| Maruti Suzuki India LtdConsumer Discretionary | 0.24% | 1.26% | 0.24% |
| SBI Life Insurance Company LtdFinancial Services | 0.17% | 1.08% | 0.17% |
| SBI funds Management LtdFinancial Services | 0.67% | 0.10% | 0.10% |
| Total | 59.33% | 53.27% | 41.86% |
Only in HDFC Large Cap Fund
24 stocks, 39.2% of the fund
- Bharti Airtel LtdCommunication Services6.23%
- Titan Company LtdConsumer Discretionary5.27%
- Torrent Pharmaceuticals LtdHealthcare4.04%
- Bajaj Finserv LtdFinancial Services3.33%
- Ambuja Cements LtdMaterials2.24%
- TML Commercial Vehicles LtdIndustrials2.02%
- Interglobe Aviation LtdTransportation & Logistics1.97%
- Max Healthcare Institute LtdHealthcare1.72%
- Indusind Bank LtdFinancial Services1.57%
- ICICI Prudential Asset Management Co LtdFinancial Services1.43%
Only in Nippon India Large Cap Fund
43 stocks, 46.4% of the fund
- Tata Consultancy Services LtdTechnology3.55%
- Bajaj Finance LtdFinancial Services3.23%
- Hindustan Unilever LtdConsumer Staples2.50%
- Sun Pharmaceutical Industries LtdHealthcare2.26%
- Avenue Supermarts LtdConsumer Discretionary2.14%
- ITC LtdConsumer Staples2.13%
- Samvardhana Motherson International LtdConsumer Discretionary2.00%
- GE T&D India LtdIndustrials1.85%
- Divi'S Laboratories LtdHealthcare1.51%
- HDFC Life Insurance Company LtdFinancial Services1.30%
Check another pair
More Large Cap pairs
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- SBI Large Cap Fund vs HDFC Large Cap 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.