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20 of 112 unique stocks in common · Jaccard: 17.9%
A weighted portfolio overlap of 41.54% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹41.54 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 ICICI Bank, which commands a weight of 7.43% in ICICI Prudential ELSS Tax Saver Fund and 8.25% in Tata Large Cap Fund. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 7.43% | 8.25% |
| HDFC BankBanks | 7.09% | 6.03% |
| Reliance IndustriesPetroleum Products | 5.49% | 5.17% |
| Larsen & ToubroConstruction | 4.90% | 3.54% |
| Axis BankBanks | 6.21% | 2.97% |
| Bharti AirtelTelecom - Services | 2.51% | 5.76% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 5.50% | 2.01% |
| NTPCPower | 3.70% | 1.88% |
| InfosysIT - Software | 1.85% | 3.28% |
| State Bank of IndiaBanks | 1.48% | 2.95% |
| InterGlobe AviationTransport Services | 1.27% | 2.14% |
| Tata Consultancy ServicesIT - Software | 1.09% | 2.54% |
| Samvardhana Motherson InternationalAuto Components | 1.07% | 2.64% |
| Hindustan UnileverDiversified FMCG | 0.83% | 1.97% |
| Ambuja CementsCement & Cement Products | 0.83% | 2.00% |
| Mahindra & MahindraAutomobiles | 0.58% | 2.27% |
| Hyundai Motor IndiaAutomobiles | 0.51% | 1.22% |
| Tech MahindraIT - Software | 0.30% | 2.10% |
| JSW CementCement & Cement Products | 0.11% | 1.66% |
| Westlife FoodworldLeisure Services | 0.10% | 1.01% |
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.