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19 of 92 unique stocks in common · Jaccard: 20.7%
A weighted portfolio overlap of 43.57% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹43.57 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 8.30% in UTI Nifty 50 ETF. 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 | in UTI |
|---|---|---|
| ICICI BankBanks | 5.70% | 8.30% |
| HDFC BankBanks | 5.52% | 10.53% |
| Bharti AirtelTelecom - Services | 5.78% | 5.19% |
| Reliance IndustriesPetroleum Products | 3.95% | 8.25% |
| State Bank of IndiaBanks | 4.36% | 3.70% |
| Larsen & ToubroConstruction | 3.18% | 4.42% |
| InfosysIT - Software | 2.10% | 3.76% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.89% | 1.76% |
| NTPCPower | 2.96% | 1.70% |
| Bajaj FinanceFinance | 1.57% | 2.25% |
| Hindalco IndustriesNon - Ferrous Metals | 1.85% | 1.51% |
| Ultratech CementCement & Cement Products | 1.78% | 1.26% |
| Bharat ElectronicsAerospace & Defense | 1.21% | 1.36% |
| EternalRetailing | 1.13% | 1.67% |
| HCL TechnologiesIT - Software | 1.11% | 1.15% |
| Coal IndiaConsumable Fuels | 1.23% | 0.96% |
| InterGlobe AviationTransport Services | 0.83% | 0.92% |
| SBI Life Insurance CompanyInsurance | 1.22% | 0.76% |
| Tata SteelFerrous Metals | 0.43% | 1.59% |
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.