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19 of 113 unique stocks in common · Jaccard: 16.8%
A weighted portfolio overlap of 37.68% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.68 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 8.78% in DSP ELSS Tax Saver Fund and 9.24% in ICICI Prudential Business Cycle 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 ICICI |
|---|---|---|
| HDFC BankBanks | 8.78% | 9.24% |
| ICICI BankBanks | 9.27% | 7.17% |
| Axis BankBanks | 7.47% | 3.41% |
| Kotak Mahindra BankBanks | 3.12% | 3.30% |
| Bharti AirtelTelecom - Services | 3.38% | 3.12% |
| Mahindra & MahindraAutomobiles | 2.42% | 1.83% |
| NTPCPower | 1.81% | 2.83% |
| Larsen & ToubroConstruction | 1.59% | 7.12% |
| Asian PaintsConsumer Durables | 1.53% | 2.24% |
| SBI Life Insurance CompanyInsurance | 1.35% | 1.71% |
| Ultratech CementCement & Cement Products | 1.07% | 2.89% |
| AtulChemicals & Petrochemicals | 0.79% | 0.61% |
| Hyundai Motor IndiaAutomobiles | 0.56% | 1.84% |
| Oil IndiaOil | 0.88% | 0.51% |
| Hindustan UnileverDiversified FMCG | 1.52% | 0.51% |
| Hindustan Petroleum CorporationPetroleum Products | 1.06% | 0.36% |
| Gujarat GasGas | 0.69% | 0.16% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.76% | 0.11% |
| PNB Housing FinanceFinance | 1.15% | 0.09% |
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.