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12 of 117 unique stocks in common · Jaccard: 10.3%
A weighted portfolio overlap of 24.64% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.64 is allocated to the exact same companies at the same relative proportions. The schemes share 12 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 7.18% in SBI Large and Midcap 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 | in SBI |
|---|---|---|
| HDFC BankBanks | 6.98% | 7.18% |
| Axis BankBanks | 4.51% | 3.30% |
| State Bank of IndiaBanks | 3.16% | 2.81% |
| ICICI BankBanks | 7.77% | 2.65% |
| Reliance IndustriesPetroleum Products | 2.09% | 2.55% |
| Bharat ForgeAuto Components | 1.67% | 3.23% |
| Abbott IndiaPharmaceuticals & Biotechnology | 1.42% | 2.10% |
| Hindustan UnileverDiversified FMCG | 1.36% | 1.09% |
| Indus TowersTelecom - Services | 1.05% | 1.58% |
| InfosysIT - Software | 1.76% | 1.03% |
| Tata Consultancy ServicesIT - Software | 1.37% | 0.50% |
| Persistent SystemsIT - Software | 1.07% | 0.05% |
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.