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24 of 88 unique stocks in common · Jaccard: 27.3%
A weighted portfolio overlap of 41.5% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹41.5 is allocated to the exact same companies at the same relative proportions. The schemes share 24 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 5.37% in Kotak Flexicap 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% | 5.37% |
| ICICI BankBanks | 9.27% | 5.04% |
| State Bank of IndiaBanks | 4.13% | 4.19% |
| Axis BankBanks | 7.47% | 3.76% |
| Bharti AirtelTelecom - Services | 3.38% | 2.90% |
| InfosysIT - Software | 2.56% | 1.82% |
| Larsen & ToubroConstruction | 1.59% | 3.94% |
| NTPCPower | 1.81% | 1.48% |
| EternalRetailing | 1.38% | 3.20% |
| Kotak Mahindra BankBanks | 3.12% | 1.30% |
| Jindal SteelFerrous Metals | 1.25% | 4.19% |
| Tata Consultancy ServicesIT - Software | 2.07% | 1.07% |
| Ultratech CementCement & Cement Products | 1.07% | 2.88% |
| Indus TowersTelecom - Services | 1.77% | 1.05% |
| Shriram FinanceFinance | 1.05% | 1.04% |
| Bharat Petroleum CorporationPetroleum Products | 1.61% | 1.03% |
| Hindustan UnileverDiversified FMCG | 1.52% | 1.02% |
| AU Small Finance BankBanks | 0.93% | 1.60% |
| Bharat ForgeAuto Components | 0.89% | 2.36% |
| CiplaPharmaceuticals & Biotechnology | 1.89% | 0.89% |
| Max Financial ServicesInsurance | 1.90% | 0.82% |
| Petronet LNGGas | 0.78% | 1.29% |
| Coromandel InternationalFertilizers & Agrochemicals | 1.23% | 0.48% |
| KEC InternationalConstruction | 0.49% | 0.41% |
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.