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19 of 107 unique stocks in common · Jaccard: 17.8%
A weighted portfolio overlap of 27.1% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.1 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 5.70% in Tata ELSS Fund and 4.33% in Tata India Innovation 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 ELSS | in Tata India |
|---|---|---|
| ICICI BankBanks | 5.70% | 4.33% |
| Reliance IndustriesPetroleum Products | 3.95% | 3.50% |
| Bharti AirtelTelecom - Services | 5.78% | 3.10% |
| HDFC BankBanks | 5.52% | 2.29% |
| PB FintechFinancial Technology (Fintech) | 2.51% | 2.21% |
| Samvardhana Motherson InternationalAuto Components | 3.18% | 1.49% |
| InfosysIT - Software | 2.10% | 1.47% |
| EternalRetailing | 1.13% | 2.71% |
| PricolAuto Components | 2.09% | 1.09% |
| Cummins IndiaIndustrial Products | 3.00% | 1.06% |
| Healthcare Global EnterprisesHealthcare Services | 1.02% | 1.09% |
| Dr. Lal Path LabsHealthcare Services | 0.99% | 3.80% |
| Emmvee Photovoltaic PowerElectrical Equipment | 0.83% | 1.62% |
| State Bank of IndiaBanks | 4.36% | 0.70% |
| InterGlobe AviationTransport Services | 0.83% | 0.64% |
| Bank of BarodaBanks | 0.48% | 1.55% |
| Havells IndiaConsumer Durables | 0.47% | 0.42% |
| LG Electronics IndiaConsumer Durables | 0.75% | 0.27% |
| Laxmi DentalHealthcare Equipment & Supplies | 0.14% | 0.08% |
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.