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9 of 83 unique stocks in common · Jaccard: 10.8%
A weighted portfolio overlap of 24.15% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.15 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 4.42% in SBI Long Term Advantage Fund - Series VI and 5.52% in Tata ELSS Fund. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 4.42% | 5.52% |
| State Bank of IndiaBanks | 4.64% | 4.36% |
| Bharti AirtelTelecom - Services | 4.20% | 5.78% |
| ICICI BankBanks | 3.78% | 5.70% |
| Larsen & ToubroConstruction | 4.52% | 3.18% |
| City Union BankBanks | 5.13% | 1.87% |
| SBI Life Insurance CompanyInsurance | 2.20% | 1.22% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 3.81% | 0.64% |
| Bank of BarodaBanks | 3.23% | 0.48% |
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.