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18 of 101 unique stocks in common · Jaccard: 17.8%
A weighted portfolio overlap of 30.78% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.78 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.94% in SBI ELSS Tax Saver Fund and 4.04% in SBI Equity Hybrid 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 SBI ELSS | in SBI Equity |
|---|---|---|
| ICICI BankBanks | 8.94% | 4.04% |
| State Bank of IndiaBanks | 3.62% | 3.79% |
| Kotak Mahindra BankBanks | 5.93% | 3.20% |
| Larsen & ToubroConstruction | 2.99% | 2.50% |
| HDFC BankBanks | 2.91% | 2.39% |
| Reliance IndustriesPetroleum Products | 4.81% | 2.36% |
| Bharti AirtelTelecom - Services | 1.81% | 3.27% |
| Hindalco IndustriesNon - Ferrous Metals | 1.80% | 1.74% |
| AIA EngineeringIndustrial Products | 2.16% | 1.55% |
| Muthoot FinanceFinance | 1.44% | 2.79% |
| Asian PaintsConsumer Durables | 1.37% | 1.75% |
| Tata Consultancy ServicesIT - Software | 2.08% | 1.08% |
| InfosysIT - Software | 1.00% | 1.65% |
| JSW EnergyPower | 0.86% | 1.77% |
| Bajaj FinanceFinance | 0.74% | 2.49% |
| Shree CementCement & Cement Products | 0.53% | 1.78% |
| United BreweriesBeverages | 0.52% | 0.47% |
| Solar Industries IndiaChemicals & Petrochemicals | 0.08% | 3.89% |
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.