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17 of 38 unique stocks in common · Jaccard: 44.7%
A weighted portfolio overlap of 57.9% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹57.9 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 ICICI Bank, which commands a weight of 12.94% in Lic Mf Banking And Financial Services Fund and 9.93% in Tata Banking & Financial Services 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 Lic | in Tata |
|---|---|---|
| ICICI BankBanks | 12.94% | 9.93% |
| HDFC BankBanks | 10.60% | 9.64% |
| Axis BankBanks | 10.25% | 9.20% |
| Kotak Mahindra BankBanks | 5.78% | 4.18% |
| Aditya Birla Sun Life AMCCapital Markets | 2.52% | 2.48% |
| One 97 CommunicationsFinancial Technology (Fintech) | 2.75% | 2.48% |
| Motilal Oswal Financial ServicesCapital Markets | 2.38% | 2.65% |
| PB FintechFinancial Technology (Fintech) | 2.26% | 3.47% |
| IndusInd BankBanks | 2.05% | 2.21% |
| SBI Life Insurance CompanyInsurance | 2.04% | 4.05% |
| Max Financial ServicesInsurance | 2.10% | 1.97% |
| 360 One WamCapital Markets | 1.78% | 2.84% |
| Shriram FinanceFinance | 1.76% | 4.57% |
| DCB BankBanks | 1.82% | 1.66% |
| Nippon Life India Asset ManagementCapital Markets | 3.38% | 1.44% |
| Multi Commodity Exchange of IndiaCapital Markets | 1.40% | 1.99% |
| City Union BankBanks | 1.25% | 1.77% |
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.