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16 of 93 unique stocks in common · Jaccard: 17.2%
A weighted portfolio overlap of 37.23% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.23 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 8.78% in DSP ELSS Tax Saver 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 | 8.78% | 7.42% |
| ICICI BankBanks | 9.27% | 4.80% |
| State Bank of IndiaBanks | 4.13% | 5.05% |
| Bharti AirtelTelecom - Services | 3.38% | 3.69% |
| Axis BankBanks | 7.47% | 2.14% |
| NTPCPower | 1.81% | 3.34% |
| Mahindra & MahindraAutomobiles | 2.42% | 1.77% |
| Bharat Petroleum CorporationPetroleum Products | 1.61% | 1.98% |
| Larsen & ToubroConstruction | 1.59% | 2.71% |
| Kotak Mahindra BankBanks | 3.12% | 1.44% |
| EternalRetailing | 1.38% | 2.50% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.35% | 2.24% |
| Jindal SteelFerrous Metals | 1.25% | 2.01% |
| Ultratech CementCement & Cement Products | 1.07% | 1.81% |
| Hindustan Petroleum CorporationPetroleum Products | 1.06% | 2.45% |
| Indus TowersTelecom - Services | 1.77% | 1.03% |
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.