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18 of 71 unique stocks in common · Jaccard: 25.4%
A weighted portfolio overlap of 48.74% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹48.74 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 8.16% in UTI ELSS Tax Saver Fund and 8.17% in UTI Focused 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 UTI ELSS | in UTI Focused |
|---|---|---|
| HDFC BankBanks | 8.16% | 8.17% |
| ICICI BankBanks | 6.47% | 8.75% |
| Bharti AirtelTelecom - Services | 4.30% | 3.86% |
| Kotak Mahindra BankBanks | 3.96% | 3.73% |
| Reliance IndustriesPetroleum Products | 2.82% | 5.15% |
| InfosysIT - Software | 2.73% | 4.17% |
| Bajaj FinanceFinance | 2.67% | 3.83% |
| Tata SteelFerrous Metals | 2.39% | 3.82% |
| Mahindra & MahindraAutomobiles | 2.24% | 2.89% |
| Maruti Suzuki IndiaAutomobiles | 1.96% | 2.22% |
| Tech MahindraIT - Software | 1.96% | 3.06% |
| The Phoenix MillsRealty | 1.86% | 2.43% |
| Ajanta PharmaPharmaceuticals & Biotechnology | 1.75% | 2.61% |
| Tube Investments of IndiaAuto Components | 1.62% | 3.38% |
| Hindustan AeronauticsAerospace & Defense | 1.27% | 1.78% |
| Tata Consumer ProductsAgricultural Food & Other Products | 1.21% | 2.74% |
| EternalRetailing | 1.11% | 5.08% |
| Havells IndiaConsumer Durables | 0.93% | 2.16% |
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.