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10 of 29 unique stocks in common · Jaccard: 34.5%
A weighted portfolio overlap of 53.29% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹53.29 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 8.43% in quant Aggressive Hybrid Fund and 9.13% in quant 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 quant Aggressive | in quant ELSS |
|---|---|---|
| ICICI BankBanks | 8.43% | 9.13% |
| Adani PowerPower | 7.90% | 9.74% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 6.79% | 7.26% |
| Reliance IndustriesPetroleum Products | 6.78% | 8.80% |
| Adani Green EnergyPower | 10.06% | 5.21% |
| Samvardhana Motherson InternationalAuto Components | 4.75% | 8.38% |
| Tech MahindraIT - Software | 5.84% | 4.66% |
| HDFC Life Insurance CompanyInsurance | 4.32% | 3.67% |
| Adani EnterprisesMetals & Minerals Trading | 9.80% | 2.89% |
| ICICI Prudential Asset Management CompanyCapital Markets | 4.88% | 2.21% |
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.