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35 of 97 unique stocks in common · Jaccard: 36.1%
A weighted portfolio overlap of 42.89% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.89 is allocated to the exact same companies at the same relative proportions. The schemes share 35 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.26% in Tata Dividend Yield Fund and 5.70% in Tata ELSS 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 Tata Dividend | in Tata ELSS |
|---|---|---|
| ICICI BankBanks | 3.26% | 5.70% |
| Larsen & ToubroConstruction | 3.15% | 3.18% |
| HDFC BankBanks | 2.97% | 5.52% |
| State Bank of IndiaBanks | 2.14% | 4.36% |
| NTPCPower | 1.92% | 2.96% |
| Hindalco IndustriesNon - Ferrous Metals | 1.84% | 1.85% |
| Reliance IndustriesPetroleum Products | 1.78% | 3.95% |
| Bharti AirtelTelecom - Services | 1.69% | 5.78% |
| Multi Commodity Exchange of IndiaCapital Markets | 1.87% | 1.59% |
| PB FintechFinancial Technology (Fintech) | 1.48% | 2.51% |
| Samvardhana Motherson InternationalAuto Components | 1.33% | 3.18% |
| InfosysIT - Software | 1.30% | 2.10% |
| Motilal Oswal Financial ServicesCapital Markets | 1.29% | 2.43% |
| Radico KhaitanBeverages | 2.63% | 1.29% |
| ICICI Prudential Asset Management CompanyCapital Markets | 1.26% | 1.38% |
| GE Vernova T&D IndiaElectrical Equipment | 1.34% | 1.24% |
| KEI IndustriesIndustrial Products | 1.22% | 1.69% |
| Bharat ElectronicsAerospace & Defense | 2.47% | 1.21% |
| IndusInd BankBanks | 1.22% | 1.13% |
| Dr. Lal Path LabsHealthcare Services | 1.42% | 0.99% |
| Rainbow Childrens MedicareHealthcare Services | 0.96% | 1.64% |
| Amber Enterprises IndiaConsumer Durables | 0.92% | 1.06% |
| Coal IndiaConsumable Fuels | 0.84% | 1.23% |
| Ultratech CementCement & Cement Products | 0.79% | 1.78% |
| Billionbrains Garage VenturesCapital Markets | 0.74% | 0.80% |
| The Indian Hotels CompanyLeisure Services | 1.01% | 0.74% |
| Gravita IndiaMinerals & Mining | 0.72% | 1.40% |
| InterGlobe AviationTransport Services | 0.58% | 0.83% |
| Bajaj FinanceFinance | 0.56% | 1.57% |
| VedantaDiversified Metals | 0.47% | 0.64% |
| Havells IndiaConsumer Durables | 0.46% | 0.47% |
| Tata SteelFerrous Metals | 0.40% | 0.43% |
| K.P.R. MillTextiles & Apparels | 0.30% | 0.81% |
| Bharat Petroleum CorporationPetroleum Products | 0.98% | 0.26% |
| Psp ProjectsConstruction | 0.07% | 0.07% |
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.