Loading fund overlap…
15 of 109 unique stocks in common · Jaccard: 13.8%
A weighted portfolio overlap of 25.25% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.25 is allocated to the exact same companies at the same relative proportions. The schemes share 15 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 6.88% in ICICI Prudential Children’s 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% | 6.88% |
| State Bank of IndiaBanks | 4.13% | 3.43% |
| InfosysIT - Software | 2.56% | 3.30% |
| Axis BankBanks | 7.47% | 2.28% |
| Kotak Mahindra BankBanks | 3.12% | 2.18% |
| Tata Consultancy ServicesIT - Software | 2.07% | 1.60% |
| Hindustan UnileverDiversified FMCG | 1.52% | 1.41% |
| Syngene InternationalHealthcare Services | 1.07% | 2.46% |
| AtulChemicals & Petrochemicals | 0.79% | 4.38% |
| Samvardhana Motherson InternationalAuto Components | 1.90% | 0.63% |
| Indus TowersTelecom - Services | 1.77% | 0.63% |
| Alembic PharmaceuticalsPharmaceuticals & Biotechnology | 0.65% | 0.63% |
| ITCDiversified FMCG | 1.20% | 0.61% |
| IPCA LaboratoriesPharmaceuticals & Biotechnology | 1.63% | 0.38% |
| EternalRetailing | 1.38% | 0.18% |
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.