HDFC Multi Cap Fund vs ICICI Prudential Multicap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
14.1%
Low overlap
Largely different portfolios.
20
Common stocks
78
Only in HDFC Multi Cap Fund
79
Only in ICICI Prudential Multicap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
20 common stocks
HDFC Multi Cap FundICICI Prudential Multicap Fund| Stock | HDFC Multi Cap Fund | ICICI Prudential Multicap Fund | Overlap |
|---|---|---|---|
| PB Fintech LtdTechnology | 1.43% | 2.20% | 1.43% |
| Interglobe Aviation LtdTransportation & Logistics | 1.05% | 2.21% | 1.05% |
| Mahindra & Mahindra LtdConsumer Discretionary | 1.32% | 1.00% | 1.00% |
| ABB India LtdIndustrials | 0.96% | 2.09% | 0.96% |
| Tata Steel LtdMaterials | 1.03% | 0.91% | 0.91% |
| Ultratech Cement LtdMaterials | 0.89% | 2.45% | 0.89% |
| Sona Blw Precision Forgings LtdConsumer Discretionary | 1.17% | 0.88% | 0.88% |
| Hindustan Petroleum Corporation LtdEnergy | 0.84% | 1.16% | 0.84% |
| Prestige Estates Projects LtdReal Estate | 0.99% | 0.70% | 0.70% |
| Blue Star LtdConsumer Discretionary | 0.66% | 0.84% | 0.66% |
| Apar Industries LtdIndustrials | 0.60% | 2.72% | 0.60% |
| 360 One Wam LtdFinancial Services | 0.60% | 0.64% | 0.60% |
| Bharat Forge LtdConsumer Discretionary | 0.54% | 1.70% | 0.54% |
| Hindustan Aeronautics LtdIndustrials | 0.53% | 1.63% | 0.53% |
| Multi Commodity Exchange of India LtdFinancial Services | 0.49% | 2.10% | 0.49% |
| Apollo Tyres LtdConsumer Discretionary | 0.56% | 0.47% | 0.47% |
| Shriram Finance LtdFinancial Services | 1.20% | 0.45% | 0.45% |
| Dixon Technologies (India) LtdConsumer Discretionary | 0.56% | 0.38% | 0.38% |
| Indian Hotels Co. LtdConsumer Discretionary | 0.71% | 0.36% | 0.36% |
| Balkrishna Industries LtdConsumer Discretionary | 1.09% | 0.33% | 0.33% |
| Total | 17.22% | 25.22% | 14.07% |
Only in HDFC Multi Cap Fund
78 stocks, 74.9% of the fund
- ICICI Bank LtdFinancial Services3.80%
- HDFC Bank LtdFinancial Services3.43%
- Axis Bank LtdFinancial Services2.45%
- Reliance Industries LtdEnergy2.44%
- Britannia Industries LtdConsumer Staples2.11%
- Zomato LtdConsumer Discretionary2.07%
- Bharti Airtel LtdCommunication Services2.02%
- State Bank Of IndiaFinancial Services1.85%
- NTPC LtdUtilities1.65%
- Kotak Mahindra Bank LtdFinancial Services1.52%
Only in ICICI Prudential Multicap Fund
79 stocks, 64.6% of the fund
- Vedanta Aluminium Metal LtdMaterials2.86%
- BSE LtdFinancial Services2.59%
- Jindal Steel & Power LtdMaterials2.41%
- K.P.R. Mill LtdConsumer Discretionary2.20%
- Samvardhana Motherson International LtdConsumer Discretionary2.17%
- Manappuram Finance LtdFinancial Services1.85%
- Paradeep Phosphates LtdAgriculture1.64%
- Syngene International LtdHealthcare1.63%
- Vedanta LtdMaterials1.62%
- APL Apollo Tubes LtdIndustrials1.53%
Check another pair
More Multi Cap pairs
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.