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15 of 87 unique stocks in common · Jaccard: 17.2%
A weighted portfolio overlap of 23.43% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.43 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 8.94% in SBI ELSS Tax Saver Fund and 4.97% in SBI Long Term Advantage Fund - Series V. 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 Long |
|---|---|---|
| ICICI BankBanks | 8.94% | 4.97% |
| State Bank of IndiaBanks | 3.62% | 4.63% |
| Kotak Mahindra BankBanks | 5.93% | 3.26% |
| HDFC BankBanks | 2.91% | 5.47% |
| Muthoot FinanceFinance | 1.44% | 4.37% |
| Grindwell NortonIndustrial Products | 1.13% | 3.94% |
| InfosysIT - Software | 1.00% | 3.16% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.98% | 2.68% |
| DelhiveryTransport Services | 0.88% | 3.83% |
| Bajaj FinanceFinance | 0.74% | 2.82% |
| Bank of BarodaBanks | 0.65% | 3.03% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.55% | 3.05% |
| Navin Fluorine InternationalChemicals & Petrochemicals | 0.53% | 3.22% |
| JSW CementCement & Cement Products | 0.49% | 2.93% |
| Aavas FinanciersFinance | 0.28% | 2.28% |
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.