Loading fund overlap…
6 of 105 unique stocks in common · Jaccard: 5.7%
A weighted portfolio overlap of 8.36% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.36 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Bharti Airtel, which commands a weight of 5.28% in HDFC Consumption Fund and 5.78% in Tata ELSS Fund. Holding both schemes increases your concentration in Bharti Airtel 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 HDFC | in Tata |
|---|---|---|
| Bharti AirtelTelecom - Services | 5.28% | 5.78% |
| EternalRetailing | 9.35% | 1.13% |
| InterGlobe AviationTransport Services | 1.19% | 0.83% |
| LG Electronics IndiaConsumer Durables | 0.51% | 0.75% |
| Wakefit InnovationsConsumer Durables | 1.06% | 0.47% |
| Laxmi DentalHealthcare Equipment & Supplies | 0.26% | 0.14% |
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.