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8 of 97 unique stocks in common · Jaccard: 8.2%
A weighted portfolio overlap of 24.36% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.36 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.13% in quant 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 quant | in SBI |
|---|---|---|
| ICICI BankBanks | 9.13% | 8.94% |
| Reliance IndustriesPetroleum Products | 8.80% | 4.81% |
| Larsen & ToubroConstruction | 7.34% | 2.99% |
| HDFC Life Insurance CompanyInsurance | 3.67% | 1.96% |
| Bharti AirtelTelecom - Services | 3.86% | 1.81% |
| Tech MahindraIT - Software | 4.66% | 1.81% |
| Bharat Heavy ElectricalsElectrical Equipment | 2.44% | 1.35% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 7.26% | 0.69% |
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.