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16 of 81 unique stocks in common · Jaccard: 19.8%
A weighted portfolio overlap of 40.84% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.84 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 9.28% in DSP Business Cycle Fund and 8.78% in DSP ELSS Tax Saver 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 DSP Business | in DSP ELSS |
|---|---|---|
| HDFC BankBanks | 9.28% | 8.78% |
| ICICI BankBanks | 8.48% | 9.27% |
| Axis BankBanks | 7.19% | 7.47% |
| Bharti AirtelTelecom - Services | 3.11% | 3.38% |
| Mahindra & MahindraAutomobiles | 3.93% | 2.42% |
| NTPCPower | 2.96% | 1.81% |
| Larsen & ToubroConstruction | 4.23% | 1.59% |
| Asian PaintsConsumer Durables | 2.91% | 1.53% |
| Coromandel InternationalFertilizers & Agrochemicals | 1.13% | 1.23% |
| Ultratech CementCement & Cement Products | 2.88% | 1.07% |
| Max Financial ServicesInsurance | 1.04% | 1.90% |
| State Bank of IndiaBanks | 0.84% | 4.13% |
| SBI Life Insurance CompanyInsurance | 0.76% | 1.35% |
| Hyundai Motor IndiaAutomobiles | 1.57% | 0.56% |
| Bharat Petroleum CorporationPetroleum Products | 0.27% | 1.61% |
| Hindustan Petroleum CorporationPetroleum Products | 0.26% | 1.06% |
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.