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12 of 100 unique stocks in common · Jaccard: 12%
A weighted portfolio overlap of 23.73% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.73 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 7.42% in Kotak ELSS Tax Saver Fund and 5.32% in Lic Mf Dividend Yield 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 Kotak | in Lic |
|---|---|---|
| HDFC BankBanks | 7.42% | 5.32% |
| ICICI BankBanks | 4.80% | 3.67% |
| NTPCPower | 3.34% | 2.63% |
| Axis BankBanks | 2.14% | 2.88% |
| Dee Development EngineeersIndustrial Manufacturing | 1.68% | 1.73% |
| InterGlobe AviationTransport Services | 1.65% | 1.96% |
| Kotak Mahindra BankBanks | 1.44% | 2.20% |
| Mahindra & MahindraAutomobiles | 1.77% | 1.25% |
| Bharti AirtelTelecom - Services | 3.69% | 1.18% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.24% | 1.00% |
| SRFChemicals & Petrochemicals | 0.90% | 1.45% |
| MphasisIT - Software | 1.70% | 0.87% |
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.