Loading fund overlap…
19 of 100 unique stocks in common · Jaccard: 19%
A weighted portfolio overlap of 40.18% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.18 is allocated to the exact same companies at the same relative proportions. The schemes share 19 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 8.25% in Tata Large Cap 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 | in Tata |
|---|---|---|
| ICICI BankBanks | 8.94% | 8.25% |
| Reliance IndustriesPetroleum Products | 4.81% | 5.17% |
| Kotak Mahindra BankBanks | 5.93% | 3.57% |
| Larsen & ToubroConstruction | 2.99% | 3.54% |
| State Bank of IndiaBanks | 3.62% | 2.95% |
| HDFC BankBanks | 2.91% | 6.03% |
| Tata Consultancy ServicesIT - Software | 2.08% | 2.54% |
| Axis BankBanks | 1.86% | 2.97% |
| Bharti AirtelTelecom - Services | 1.81% | 5.76% |
| Tech MahindraIT - Software | 1.81% | 2.10% |
| Bharat Heavy ElectricalsElectrical Equipment | 1.35% | 1.55% |
| InfosysIT - Software | 1.00% | 3.28% |
| CiplaPharmaceuticals & Biotechnology | 2.15% | 0.99% |
| Mahindra & MahindraAutomobiles | 0.80% | 2.27% |
| Britannia IndustriesFood Products | 0.79% | 1.22% |
| Bajaj FinanceFinance | 0.74% | 2.88% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.55% | 2.01% |
| JSW CementCement & Cement Products | 0.49% | 1.66% |
| HDFC Asset Management CompanyCapital Markets | 0.43% | 1.99% |
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.