Loading fund overlap…
9 of 89 unique stocks in common · Jaccard: 10.1%
A weighted portfolio overlap of 21.96% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.96 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.77% in Lic Mf ELSS Tax Saver and 6.35% in Lic Mf Flexi 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 Lic Mf ELSS | in Lic Mf Flexi |
|---|---|---|
| ICICI BankBanks | 7.77% | 6.35% |
| Axis BankBanks | 4.51% | 4.03% |
| Larsen & ToubroConstruction | 2.88% | 3.43% |
| Maruti Suzuki IndiaAutomobiles | 1.92% | 2.00% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 1.89% | 2.97% |
| Navin Fluorine InternationalChemicals & Petrochemicals | 1.70% | 3.15% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.27% | 2.86% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.04% | 3.24% |
| Neuland LaboratoriesPharmaceuticals & Biotechnology | 0.88% | 1.03% |
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.