HDFC Small Cap Fund vs SBI Small Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
8.5%
Low overlap
Largely different portfolios.
8
Common stocks
77
Only in HDFC Small Cap Fund
61
Only in SBI Small Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
8 common stocks
HDFC Small Cap FundSBI Small Cap Fund| Stock | HDFC Small Cap Fund | SBI Small Cap Fund | Overlap |
|---|---|---|---|
| Krishna Institute of Medical Sciences LtdHealthcare | 2.01% | 1.95% | 1.95% |
| Chalet Hotels LtdConsumer Discretionary | 1.63% | 1.91% | 1.63% |
| Kalpataru Projects International LtdIndustrials | 1.55% | 2.60% | 1.55% |
| City Union Bank LtdFinancial Services | 1.46% | 2.82% | 1.46% |
| Dodla Dairy LtdConsumer Staples | 1.28% | 0.93% | 0.93% |
| PVR LtdCommunication Services | 1.66% | 0.40% | 0.40% |
| Vedant Fashions LtdConsumer Discretionary | 0.37% | 0.45% | 0.37% |
| Carborundum Universal LtdIndustrials | 0.17% | 1.28% | 0.17% |
| Total | 10.13% | 12.34% | 8.46% |
Only in HDFC Small Cap Fund
77 stocks, 79.5% of the fund
- Firstsource Solutions LtdIndustrials3.71%
- Aster Dm Healthcare LtdHealthcare3.56%
- Gabriel India LtdConsumer Discretionary3.25%
- eClerx Services LtdIndustrials3.09%
- Bank Of BarodaFinancial Services2.67%
- Indian BankFinancial Services2.08%
- Eris Lifesciences LtdHealthcare2.00%
- Apar Industries LtdIndustrials1.90%
- Federal Bank LtdFinancial Services1.77%
- Pearl Global Industries LtdConsumer Discretionary1.77%
Only in SBI Small Cap Fund
61 stocks, 75.9% of the fund
- Ather Energy LtdConsumer Discretionary4.71%
- Navin Fluorine International LtdMaterials3.32%
- Sundram Fasteners LtdConsumer Discretionary2.82%
- ZF Commercial Vehicle Control Systems India LtdConsumer Discretionary2.50%
- Honeywell Automation India LtdIndustrials2.48%
- Pine Labs LtdTechnology2.41%
- Belrise Industries LtdConsumer Discretionary2.37%
- Anand Rathi Wealth LtdFinancial Services2.17%
- K.P.R. Mill LtdConsumer Discretionary2.13%
- Urban Co LtdConsumer Discretionary2.10%
Check another pair
More Small 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.