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18 of 96 unique stocks in common · Jaccard: 18.8%
A weighted portfolio overlap of 45.38% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹45.38 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 6.94% in Tata Focused 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% | 6.94% |
| ICICI BankBanks | 7.43% | 6.63% |
| Axis BankBanks | 6.21% | 5.61% |
| Reliance IndustriesPetroleum Products | 5.49% | 4.83% |
| NTPCPower | 3.70% | 4.76% |
| Larsen & ToubroConstruction | 4.90% | 3.46% |
| Bharti AirtelTelecom - Services | 2.51% | 3.55% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 5.50% | 2.30% |
| Ultratech CementCement & Cement Products | 1.93% | 3.72% |
| SBI Life Insurance CompanyInsurance | 1.91% | 3.73% |
| InfosysIT - Software | 1.85% | 3.44% |
| Samvardhana Motherson InternationalAuto Components | 1.07% | 4.48% |
| Hindustan UnileverDiversified FMCG | 0.83% | 1.88% |
| Ambuja CementsCement & Cement Products | 0.83% | 3.42% |
| Mahindra & MahindraAutomobiles | 0.58% | 3.55% |
| Page IndustriesTextiles & Apparels | 0.19% | 2.96% |
| Havells IndiaConsumer Durables | 0.17% | 2.90% |
| PNC InfratechConstruction | 0.06% | 1.82% |
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.