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14 of 127 unique stocks in common · Jaccard: 11%
A weighted portfolio overlap of 27.16% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.16 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 7.09% in ICICI Prudential ELSS Tax Saver Fund and 5.89% in Tata Childrens 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 ICICI | in Tata |
|---|---|---|
| HDFC BankBanks | 7.09% | 5.89% |
| Reliance IndustriesPetroleum Products | 5.49% | 5.23% |
| ICICI BankBanks | 7.43% | 3.82% |
| Larsen & ToubroConstruction | 4.90% | 3.72% |
| Axis BankBanks | 6.21% | 3.23% |
| InfosysIT - Software | 1.85% | 2.24% |
| Tata Consultancy ServicesIT - Software | 1.09% | 1.92% |
| Hindustan UnileverDiversified FMCG | 0.83% | 2.62% |
| Arvind FashionsRetailing | 0.53% | 0.98% |
| IndusInd BankBanks | 0.44% | 1.39% |
| ITCDiversified FMCG | 0.37% | 1.96% |
| Teamlease ServicesCommercial Services & Supplies | 0.10% | 1.26% |
| PNC InfratechConstruction | 0.06% | 0.93% |
| Kwality Walls IndiaFood Products | 0.01% | 0.03% |
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.