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26 of 95 unique stocks in common · Jaccard: 27.4%
A weighted portfolio overlap of 37.44% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.44 is allocated to the exact same companies at the same relative proportions. The schemes share 26 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.98% in Lic Mf ELSS Tax Saver and 3.31% in Lic Mf Multi Cap 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 Lic Mf ELSS | in Lic Mf Multi |
|---|---|---|
| HDFC BankBanks | 6.98% | 3.31% |
| ICICI BankBanks | 7.77% | 2.77% |
| Axis BankBanks | 4.51% | 2.44% |
| Bharat ForgeAuto Components | 1.67% | 1.80% |
| Grasim IndustriesCement & Cement Products | 2.57% | 1.65% |
| SRFChemicals & Petrochemicals | 1.99% | 1.59% |
| Maruti Suzuki IndiaAutomobiles | 1.92% | 1.54% |
| InfosysIT - Software | 1.76% | 1.52% |
| Shakti Pumps (India)Industrial Products | 2.12% | 1.52% |
| State Bank of IndiaBanks | 3.16% | 1.52% |
| EternalRetailing | 1.57% | 1.43% |
| Abbott IndiaPharmaceuticals & Biotechnology | 1.42% | 1.60% |
| Larsen & ToubroConstruction | 2.88% | 1.41% |
| Tata Consultancy ServicesIT - Software | 1.37% | 1.46% |
| TVS Motor CompanyAutomobiles | 1.37% | 1.38% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.27% | 1.81% |
| Mahindra & MahindraAutomobiles | 2.03% | 1.25% |
| Coromandel InternationalFertilizers & Agrochemicals | 1.19% | 1.42% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 1.89% | 1.14% |
| EIHLeisure Services | 1.45% | 1.13% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.04% | 1.17% |
| Dr Agarwal's Health CareHealthcare Services | 0.97% | 1.19% |
| Navin Fluorine InternationalChemicals & Petrochemicals | 1.70% | 0.95% |
| Kotak Mahindra BankBanks | 0.85% | 2.28% |
| Metro BrandsConsumer Durables | 1.10% | 0.84% |
| Arvind FashionsRetailing | 0.28% | 1.46% |
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.