HSBC Conservative Hybrid Fund - Direct Growth vs Parag Parikh Conservative Hybrid Fund - Direct Plan - Growth — portfolio overlap
5.34% of these two portfolios is the same. These portfolios are almost entirely distinct. Holding both gives genuinely different exposure.
Portfolio overlap
5.34%
Stocks held by both
3
Only in HSBC Mutual Fund's fund
41
Only in PPFAS Mutual Fund's fund
76
Overlap is weighted: for every stock both funds hold, we take the smaller of the two weights and add them up. So two funds each holding 5% of the same stock overlap by 5 points, not 10. Cash and equivalents (repo, TREPS, receivables) are excluded — nearly every fund holds them, and shared cash is not shared conviction.
Stocks both funds hold
| Stock | Sector | In HSBC Mutual Fund's | In PPFAS Mutual Fund's | Shared |
|---|---|---|---|---|
| Maharashtra State SDL 7.72 23/03/2032 | Unspecified | 10.08% | 2.92% | 2.92% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 7.47 BD 05SP29 FVRS1LAC | Financial | 3.42% | 2.14% | 2.14% |
| Others Class A2 AIF | Unspecified | 0.31% | 0.28% | 0.28% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 45 and 81 holdings respectively — not live positions.