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23 of 114 unique stocks in common · Jaccard: 20.2%
A weighted portfolio overlap of 45.64% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹45.64 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.27% in DSP ELSS Tax Saver Fund and 8.72% in ICICI Prudential Large Cap Fund. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 9.27% | 8.72% |
| HDFC BankBanks | 8.78% | 8.46% |
| Axis BankBanks | 7.47% | 4.67% |
| Bharti AirtelTelecom - Services | 3.38% | 4.34% |
| InfosysIT - Software | 2.56% | 3.60% |
| Mahindra & MahindraAutomobiles | 2.42% | 2.34% |
| NTPCPower | 1.81% | 2.38% |
| Larsen & ToubroConstruction | 1.59% | 5.38% |
| Asian PaintsConsumer Durables | 1.53% | 2.02% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.35% | 2.65% |
| Kotak Mahindra BankBanks | 3.12% | 1.21% |
| SBI Life Insurance CompanyInsurance | 1.35% | 1.09% |
| Ultratech CementCement & Cement Products | 1.07% | 2.69% |
| State Bank of IndiaBanks | 4.13% | 1.02% |
| ITCDiversified FMCG | 1.20% | 0.94% |
| Hindustan UnileverDiversified FMCG | 1.52% | 0.83% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.76% | 0.68% |
| Bharat Petroleum CorporationPetroleum Products | 1.61% | 0.60% |
| Hyundai Motor IndiaAutomobiles | 0.56% | 0.95% |
| EternalRetailing | 1.38% | 0.54% |
| CiplaPharmaceuticals & Biotechnology | 1.89% | 0.33% |
| Container Corporation of IndiaTransport Services | 0.70% | 0.24% |
| Oil IndiaOil | 0.88% | 0.15% |
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.