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17 of 80 unique stocks in common · Jaccard: 21.3%
A weighted portfolio overlap of 32.71% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.71 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 7.77% in Lic Mf ELSS Tax Saver and 8.00% in Lic Mf Unit Linked Insurance Scheme. 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 Unit |
|---|---|---|
| ICICI BankBanks | 7.77% | 8.00% |
| HDFC BankBanks | 6.98% | 4.26% |
| Axis BankBanks | 4.51% | 2.57% |
| SRFChemicals & Petrochemicals | 1.99% | 2.22% |
| TrentRetailing | 1.89% | 3.39% |
| InfosysIT - Software | 1.76% | 2.97% |
| Navin Fluorine InternationalChemicals & Petrochemicals | 1.70% | 1.76% |
| Maruti Suzuki IndiaAutomobiles | 1.92% | 1.49% |
| Reliance IndustriesPetroleum Products | 2.09% | 1.49% |
| Bajaj FinservFinance | 1.52% | 1.39% |
| Tata Consultancy ServicesIT - Software | 1.37% | 1.72% |
| State Bank of IndiaBanks | 3.16% | 1.36% |
| Hindustan UnileverDiversified FMCG | 1.36% | 1.05% |
| Avenue SupermartsRetailing | 0.96% | 2.17% |
| Kotak Mahindra BankBanks | 0.85% | 1.37% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 1.89% | 0.53% |
| Arvind FashionsRetailing | 0.28% | 0.77% |
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.