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15 of 81 unique stocks in common · Jaccard: 18.5%
A weighted portfolio overlap of 30.11% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.11 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.80% in Kotak ELSS Tax Saver Fund and 4.04% in SBI Equity Hybrid 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 Kotak | in SBI |
|---|---|---|
| ICICI BankBanks | 4.80% | 4.04% |
| State Bank of IndiaBanks | 5.05% | 3.79% |
| Bharti AirtelTelecom - Services | 3.69% | 3.27% |
| Larsen & ToubroConstruction | 2.71% | 2.50% |
| HDFC BankBanks | 7.42% | 2.39% |
| Bajaj FinanceFinance | 2.38% | 2.49% |
| Solar Industries IndiaChemicals & Petrochemicals | 1.82% | 3.89% |
| Reliance IndustriesPetroleum Products | 1.80% | 2.36% |
| InterGlobe AviationTransport Services | 1.65% | 2.25% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.64% | 2.62% |
| Kotak Mahindra BankBanks | 1.44% | 3.20% |
| Lenskart SolutionsRetailing | 1.27% | 1.43% |
| Jindal SteelFerrous Metals | 2.01% | 1.01% |
| NTPCPower | 3.34% | 0.88% |
| SwiggyRetailing | 0.23% | 0.71% |
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.