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10 of 87 unique stocks in common · Jaccard: 11.5%
A weighted portfolio overlap of 15.4% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.4 is allocated to the exact same companies at the same relative proportions. The schemes share 10 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 4.18% in SBI Quality 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% | 4.18% |
| State Bank of IndiaBanks | 3.16% | 1.98% |
| InfosysIT - Software | 1.76% | 2.27% |
| CCL Products (India)Agricultural Food & Other Products | 1.37% | 2.03% |
| TVS Motor CompanyAutomobiles | 1.37% | 2.48% |
| Varun BeveragesBeverages | 1.16% | 1.96% |
| Persistent SystemsIT - Software | 1.07% | 2.31% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.04% | 2.01% |
| Eicher MotorsAutomobiles | 2.48% | 0.97% |
| EternalRetailing | 1.57% | 0.50% |
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.