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12 of 104 unique stocks in common · Jaccard: 11.5%
A weighted portfolio overlap of 26.49% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.49 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 ICICI Bank, which commands a weight of 7.77% in Lic Mf ELSS Tax Saver and 5.70% in Tata ELSS 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 Tata |
|---|---|---|
| ICICI BankBanks | 7.77% | 5.70% |
| HDFC BankBanks | 6.98% | 5.52% |
| State Bank of IndiaBanks | 3.16% | 4.36% |
| Larsen & ToubroConstruction | 2.88% | 3.18% |
| Reliance IndustriesPetroleum Products | 2.09% | 3.95% |
| InfosysIT - Software | 1.76% | 2.10% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.27% | 1.89% |
| Power Finance CorporationFinance | 1.19% | 1.21% |
| EternalRetailing | 1.57% | 1.13% |
| Abbott IndiaPharmaceuticals & Biotechnology | 1.42% | 0.85% |
| Ultratech CementCement & Cement Products | 0.68% | 1.78% |
| Bharat Petroleum CorporationPetroleum Products | 0.27% | 0.26% |
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.