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22 of 112 unique stocks in common · Jaccard: 19.6%
A weighted portfolio overlap of 41.22% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹41.22 is allocated to the exact same companies at the same relative proportions. The schemes share 22 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 8.22% in UTI - 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 UTI |
|---|---|---|
| ICICI BankBanks | 8.94% | 8.22% |
| Reliance IndustriesPetroleum Products | 4.81% | 5.35% |
| Kotak Mahindra BankBanks | 5.93% | 4.55% |
| Larsen & ToubroConstruction | 2.99% | 4.15% |
| HDFC BankBanks | 2.91% | 9.15% |
| Axis BankBanks | 1.86% | 2.59% |
| Bharti AirtelTelecom - Services | 1.81% | 4.11% |
| HDFC Life Insurance CompanyInsurance | 1.96% | 1.43% |
| Tata Consultancy ServicesIT - Software | 2.08% | 1.42% |
| State Bank of IndiaBanks | 3.62% | 1.41% |
| Asian PaintsConsumer Durables | 1.37% | 1.44% |
| Tech MahindraIT - Software | 1.81% | 1.24% |
| Oil & Natural Gas CorporationOil | 1.89% | 1.17% |
| Tata SteelFerrous Metals | 4.12% | 1.11% |
| InfosysIT - Software | 1.00% | 4.90% |
| LupinPharmaceuticals & Biotechnology | 1.97% | 0.84% |
| Mahindra & MahindraAutomobiles | 0.80% | 1.74% |
| Bajaj FinanceFinance | 0.74% | 3.91% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.55% | 0.50% |
| Jubilant FoodworksLeisure Services | 0.41% | 0.75% |
| HDFC Asset Management CompanyCapital Markets | 0.43% | 0.36% |
| Balkrishna IndustriesAuto Components | 0.41% | 0.27% |
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.