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20 of 86 unique stocks in common · Jaccard: 23.3%
A weighted portfolio overlap of 50.7% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹50.7 is allocated to the exact same companies at the same relative proportions. The schemes share 20 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 10.53% in UTI Nifty 50 ETF. 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 UTI |
|---|---|---|
| HDFC BankBanks | 8.78% | 10.53% |
| ICICI BankBanks | 9.27% | 8.30% |
| State Bank of IndiaBanks | 4.13% | 3.70% |
| Axis BankBanks | 7.47% | 3.41% |
| Bharti AirtelTelecom - Services | 3.38% | 5.19% |
| Kotak Mahindra BankBanks | 3.12% | 2.61% |
| InfosysIT - Software | 2.56% | 3.76% |
| Mahindra & MahindraAutomobiles | 2.42% | 2.52% |
| Tata Consultancy ServicesIT - Software | 2.07% | 2.13% |
| NTPCPower | 1.81% | 1.70% |
| Larsen & ToubroConstruction | 1.59% | 4.42% |
| Hindustan UnileverDiversified FMCG | 1.52% | 1.77% |
| EternalRetailing | 1.38% | 1.67% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.35% | 1.76% |
| ITCDiversified FMCG | 1.20% | 2.56% |
| Asian PaintsConsumer Durables | 1.53% | 1.12% |
| Ultratech CementCement & Cement Products | 1.07% | 1.26% |
| Shriram FinanceFinance | 1.05% | 1.23% |
| SBI Life Insurance CompanyInsurance | 1.35% | 0.76% |
| CiplaPharmaceuticals & Biotechnology | 1.89% | 0.73% |
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.