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15 of 120 unique stocks in common · Jaccard: 12.5%
A weighted portfolio overlap of 27.45% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.45 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.55% in Nippon India ELSS Tax Saver Fund and 8.94% in SBI ELSS Tax Saver 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 Nippon | in SBI |
|---|---|---|
| ICICI BankBanks | 7.55% | 8.94% |
| State Bank of IndiaBanks | 3.49% | 3.62% |
| Reliance IndustriesPetroleum Products | 3.14% | 4.81% |
| HDFC BankBanks | 6.11% | 2.91% |
| Larsen & ToubroConstruction | 2.83% | 2.99% |
| Axis BankBanks | 3.79% | 1.86% |
| TVS HoldingsFinance | 1.74% | 1.18% |
| Tata Consultancy ServicesIT - Software | 1.02% | 2.08% |
| InfosysIT - Software | 3.90% | 1.00% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.36% | 0.55% |
| Cholamandalam Financial HoldingsFinance | 1.07% | 0.54% |
| United BreweriesBeverages | 1.09% | 0.52% |
| Oil & Natural Gas CorporationOil | 0.34% | 1.89% |
| Sundaram ClaytonAuto Components | 0.33% | 0.82% |
| Timken IndiaIndustrial Products | 0.78% | 0.19% |
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.