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21 of 84 unique stocks in common · Jaccard: 25%
A weighted portfolio overlap of 44.58% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹44.58 is allocated to the exact same companies at the same relative proportions. The schemes share 21 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 8.30% in SBI Nifty 50 ETF. 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% | 8.30% |
| HDFC BankBanks | 6.98% | 10.53% |
| Axis BankBanks | 4.51% | 3.41% |
| State Bank of IndiaBanks | 3.16% | 3.70% |
| Larsen & ToubroConstruction | 2.88% | 4.43% |
| Reliance IndustriesPetroleum Products | 2.09% | 8.25% |
| Mahindra & MahindraAutomobiles | 2.03% | 2.52% |
| InfosysIT - Software | 1.76% | 3.76% |
| Maruti Suzuki IndiaAutomobiles | 1.92% | 1.59% |
| EternalRetailing | 1.57% | 1.67% |
| Tata Consultancy ServicesIT - Software | 1.37% | 2.13% |
| Hindustan UnileverDiversified FMCG | 1.36% | 1.77% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.27% | 1.76% |
| ITCDiversified FMCG | 1.20% | 2.56% |
| Grasim IndustriesCement & Cement Products | 2.57% | 1.10% |
| Bajaj FinservFinance | 1.52% | 0.95% |
| Eicher MotorsAutomobiles | 2.48% | 0.91% |
| TrentRetailing | 1.89% | 0.87% |
| Kotak Mahindra BankBanks | 0.85% | 2.62% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.04% | 0.78% |
| Ultratech CementCement & Cement Products | 0.68% | 1.26% |
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.