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17 of 110 unique stocks in common · Jaccard: 15.5%
A weighted portfolio overlap of 32.5% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.5 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 5.50% in SBI Flexicap 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 SBI |
|---|---|---|
| ICICI BankBanks | 7.77% | 5.50% |
| Axis BankBanks | 4.51% | 4.49% |
| HDFC BankBanks | 6.98% | 4.24% |
| Larsen & ToubroConstruction | 2.88% | 4.04% |
| State Bank of IndiaBanks | 3.16% | 2.15% |
| Reliance IndustriesPetroleum Products | 2.09% | 1.93% |
| Eicher MotorsAutomobiles | 2.48% | 1.85% |
| InfosysIT - Software | 1.76% | 2.07% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.27% | 2.05% |
| Power Finance CorporationFinance | 1.19% | 2.21% |
| Varun BeveragesBeverages | 1.16% | 1.12% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.04% | 1.95% |
| Maruti Suzuki IndiaAutomobiles | 1.92% | 0.97% |
| Kotak Mahindra BankBanks | 0.85% | 0.99% |
| CCL Products (India)Agricultural Food & Other Products | 1.37% | 0.53% |
| EternalRetailing | 1.57% | 0.46% |
| Bharat Petroleum CorporationPetroleum Products | 0.27% | 1.99% |
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.