Loading fund overlap…
17 of 77 unique stocks in common · Jaccard: 22.1%
A weighted portfolio overlap of 34.94% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹34.94 is allocated to the exact same companies at the same relative proportions. The schemes share 17 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 7.42% in Kotak 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 | in Kotak |
|---|---|---|
| HDFC BankBanks | 9.28% | 7.42% |
| ICICI BankBanks | 8.48% | 4.80% |
| Bharti AirtelTelecom - Services | 3.11% | 3.69% |
| NTPCPower | 2.96% | 3.34% |
| Larsen & ToubroConstruction | 4.23% | 2.71% |
| Hero MotoCorpAutomobiles | 2.57% | 2.44% |
| Axis BankBanks | 7.19% | 2.14% |
| Ultratech CementCement & Cement Products | 2.88% | 1.81% |
| Reliance IndustriesPetroleum Products | 3.27% | 1.80% |
| Mahindra & MahindraAutomobiles | 3.93% | 1.77% |
| VoltasConsumer Durables | 1.74% | 1.03% |
| State Bank of IndiaBanks | 0.84% | 5.05% |
| InterGlobe AviationTransport Services | 0.74% | 1.65% |
| TVS Motor CompanyAutomobiles | 0.68% | 0.98% |
| Bharat Petroleum CorporationPetroleum Products | 0.27% | 1.98% |
| Hindustan Petroleum CorporationPetroleum Products | 0.26% | 2.45% |
| Kalpataru Projects InternationalConstruction | 0.16% | 1.90% |
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.