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15 of 62 unique stocks in common · Jaccard: 24.2%
A weighted portfolio overlap of 37.67% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.67 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 Aurobindo Pharma, which commands a weight of 7.26% in quant ELSS Tax Saver Fund and 7.92% in quant Multi Cap Fund. Holding both schemes increases your concentration in Aurobindo Pharma 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 ELSS | in quant Multi |
|---|---|---|
| Aurobindo PharmaPharmaceuticals & Biotechnology | 7.26% | 7.92% |
| Adani PowerPower | 9.74% | 5.98% |
| ICICI BankBanks | 9.13% | 4.70% |
| Adani Green EnergyPower | 5.21% | 4.37% |
| Samvardhana Motherson InternationalAuto Components | 8.38% | 3.32% |
| Adani EnterprisesMetals & Minerals Trading | 2.89% | 4.59% |
| Reliance IndustriesPetroleum Products | 8.80% | 2.83% |
| Adani Energy SolutionsPower | 1.98% | 1.97% |
| Bharti AirtelTelecom - Services | 3.86% | 1.51% |
| Premier EnergiesElectrical Equipment | 3.31% | 1.32% |
| Lloyds Metals And EnergyMinerals & Mining | 0.90% | 1.24% |
| Embassy DevelopmentsRealty | 0.24% | 1.80% |
| Juniper HotelsLeisure Services | 0.20% | 0.83% |
| ICICI Prudential Asset Management CompanyCapital Markets | 2.21% | 0.09% |
| Larsen & ToubroConstruction | 7.34% | 0.07% |
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.