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53 of 511 unique stocks in common · Jaccard: 10.4%
A weighted portfolio overlap of 38.56% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹38.56 is allocated to the exact same companies at the same relative proportions. The schemes share 53 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.09% in Back to Index and 5.52% in Tata ELSS Fund. Holding both schemes increases your concentration in HDFC Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Back | in Tata |
|---|---|---|
| HDFC BankBanks | 6.09% | 5.52% |
| ICICI BankBanks | 4.66% | 5.70% |
| Reliance IndustriesPetroleum Products | 4.98% | 3.95% |
| Bharti AirtelTelecom - Services | 2.99% | 5.78% |
| Larsen & ToubroConstruction | 2.43% | 3.18% |
| State Bank of IndiaBanks | 2.29% | 4.36% |
| InfosysIT - Software | 2.14% | 2.10% |
| Bajaj FinanceFinance | 1.29% | 1.57% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.99% | 1.89% |
| NTPCPower | 0.98% | 2.96% |
| EternalRetailing | 0.92% | 1.13% |
| Bharat ElectronicsAerospace & Defense | 0.80% | 1.21% |
| Hindalco IndustriesNon - Ferrous Metals | 0.77% | 1.85% |
| Ultratech CementCement & Cement Products | 0.71% | 1.78% |
| HCL TechnologiesIT - Software | 0.65% | 1.11% |
| Coal IndiaConsumable Fuels | 0.56% | 1.23% |
| InterGlobe AviationTransport Services | 0.50% | 0.83% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.44% | 0.64% |
| Tata SteelFerrous Metals | 0.90% | 0.43% |
| SBI Life Insurance CompanyInsurance | 0.42% | 1.22% |
| Multi Commodity Exchange of IndiaCapital Markets | 0.39% | 1.59% |
| Cummins IndiaIndustrial Products | 0.37% | 3.00% |
| The Federal BankBanks | 0.36% | 1.67% |
| Power Finance CorporationFinance | 0.34% | 1.21% |
| IndusInd BankBanks | 0.31% | 1.13% |
| GE Vernova T&D IndiaElectrical Equipment | 0.29% | 1.24% |
| PB FintechFinancial Technology (Fintech) | 0.29% | 2.51% |
| The Indian Hotels CompanyLeisure Services | 0.29% | 0.74% |
| Samvardhana Motherson InternationalAuto Components | 0.28% | 3.18% |
| Bharat Petroleum CorporationPetroleum Products | 0.31% | 0.26% |
| Bank of BarodaBanks | 0.25% | 0.48% |
| VedantaDiversified Metals | 0.24% | 0.64% |
| Havells IndiaConsumer Durables | 0.16% | 0.47% |
| KEI IndustriesIndustrial Products | 0.15% | 1.69% |
| Ambuja CementsCement & Cement Products | 0.14% | 0.88% |
| Radico KhaitanBeverages | 0.14% | 1.29% |
| City Union BankBanks | 0.10% | 1.87% |
| Amber Enterprises IndiaConsumer Durables | 0.09% | 1.06% |
| Abbott IndiaPharmaceuticals & Biotechnology | 0.07% | 0.85% |
| Billionbrains Garage VenturesCapital Markets | 0.07% | 0.80% |
| LG Electronics IndiaConsumer Durables | 0.07% | 0.75% |
| Tata CapitalFinance | 0.07% | 0.29% |
| Brigade EnterprisesRealty | 0.06% | 0.76% |
| ICICI Prudential Asset Management CompanyCapital Markets | 0.06% | 1.38% |
| Motilal Oswal Financial ServicesCapital Markets | 0.06% | 2.43% |
| Dr. Lal Path LabsHealthcare Services | 0.05% | 0.99% |
| K.P.R. MillTextiles & Apparels | 0.05% | 0.81% |
| Anant RajRealty | 0.04% | 1.15% |
| Gravita IndiaMinerals & Mining | 0.03% | 1.40% |
| Rainbow Childrens MedicareHealthcare Services | 0.03% | 1.64% |
| Graphite IndiaIndustrial Products | 0.02% | 1.61% |
| Tenneco Clean Air IndiaAuto Components | 0.02% | 0.35% |
| Emmvee Photovoltaic PowerElectrical Equipment | 0.01% | 0.83% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.