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24 of 104 unique stocks in common · Jaccard: 23.1%
A weighted portfolio overlap of 38.03% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹38.03 is allocated to the exact same companies at the same relative proportions. The schemes share 24 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 5.47% in SBI Retirement Benefit Fund - Aggressive Plan. 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 Retirement |
|---|---|---|
| ICICI BankBanks | 8.94% | 5.47% |
| Reliance IndustriesPetroleum Products | 4.81% | 5.42% |
| State Bank of IndiaBanks | 3.62% | 3.71% |
| Larsen & ToubroConstruction | 2.99% | 4.28% |
| HDFC BankBanks | 2.91% | 6.58% |
| Kotak Mahindra BankBanks | 5.93% | 2.51% |
| Axis BankBanks | 1.86% | 2.85% |
| Hindalco IndustriesNon - Ferrous Metals | 1.80% | 2.52% |
| Asian PaintsConsumer Durables | 1.37% | 1.69% |
| FSN E-Commerce VenturesRetailing | 1.86% | 1.33% |
| Torrent PowerPower | 2.57% | 1.18% |
| Grindwell NortonIndustrial Products | 1.13% | 1.40% |
| InfosysIT - Software | 1.00% | 2.76% |
| ICICI Prudential Life Insurance CompanyInsurance | 1.12% | 0.93% |
| ThermaxElectrical Equipment | 0.87% | 1.76% |
| Bajaj FinanceFinance | 0.74% | 2.16% |
| BioconPharmaceuticals & Biotechnology | 0.56% | 1.15% |
| Navin Fluorine InternationalChemicals & Petrochemicals | 0.53% | 1.73% |
| Berger Paints (I)Consumer Durables | 0.52% | 1.13% |
| JSW CementCement & Cement Products | 0.49% | 2.04% |
| Kajaria CeramicsConsumer Durables | 0.48% | 1.21% |
| Jubilant FoodworksLeisure Services | 0.41% | 1.35% |
| Pitti EngineeringIndustrial Manufacturing | 0.33% | 0.78% |
| Timken IndiaIndustrial Products | 0.19% | 2.31% |
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.