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17 of 66 unique stocks in common · Jaccard: 25.8%
A weighted portfolio overlap of 44.14% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹44.14 is allocated to the exact same companies at the same relative proportions. The schemes share 17 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 12.80% in SBI BSE Sensex ETF. 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 SBI |
|---|---|---|
| HDFC BankBanks | 7.42% | 12.80% |
| ICICI BankBanks | 4.80% | 10.14% |
| State Bank of IndiaBanks | 5.05% | 4.52% |
| Bharti AirtelTelecom - Services | 3.69% | 5.89% |
| Larsen & ToubroConstruction | 2.71% | 5.38% |
| Bajaj FinanceFinance | 2.38% | 2.73% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.24% | 2.19% |
| Axis BankBanks | 2.14% | 4.15% |
| NTPCPower | 3.34% | 2.07% |
| EternalRetailing | 2.50% | 2.02% |
| Reliance IndustriesPetroleum Products | 1.80% | 10.08% |
| Mahindra & MahindraAutomobiles | 1.77% | 3.07% |
| Ultratech CementCement & Cement Products | 1.81% | 1.52% |
| Power Grid Corporation of IndiaPower | 1.50% | 1.49% |
| Kotak Mahindra BankBanks | 1.44% | 3.19% |
| InterGlobe AviationTransport Services | 1.65% | 1.11% |
| Tech MahindraIT - Software | 2.96% | 1.07% |
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.