Axis ELSS Tax Saver Fund vs DSP ELSS Tax Saver Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
41.3%
Moderate overlap
Some shared stocks, different bets.
20
Common stocks
48
Only in Axis ELSS Tax Saver Fund
38
Only in DSP ELSS Tax Saver Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
20 common stocks
Axis ELSS Tax Saver FundDSP ELSS Tax Saver Fund| Stock | Axis ELSS Tax Saver Fund | DSP ELSS Tax Saver Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 7.02% | 9.96% | 7.02% |
| HDFC Bank LtdFinancial Services | 5.55% | 8.38% | 5.55% |
| Bharti Airtel LtdCommunication Services | 4.26% | 3.25% | 3.25% |
| Axis Bank LtdFinancial Services | 2.63% | 7.89% | 2.63% |
| Mahindra & Mahindra LtdConsumer Discretionary | 2.57% | 2.53% | 2.53% |
| State Bank Of IndiaFinancial Services | 2.37% | 5.77% | 2.37% |
| Kotak Mahindra Bank LtdFinancial Services | 2.10% | 3.65% | 2.10% |
| Zomato LtdConsumer Discretionary | 3.24% | 1.75% | 1.75% |
| Infosys LtdTechnology | 1.75% | 2.42% | 1.75% |
| Reliance Industries LtdEnergy | 1.66% | 2.85% | 1.66% |
| Tata Consultancy Services LtdTechnology | 1.93% | 1.65% | 1.65% |
| Sun Pharmaceutical Industries LtdHealthcare | 1.63% | 1.72% | 1.63% |
| Larsen & Toubro LtdIndustrials | 2.90% | 1.52% | 1.52% |
| Ultratech Cement LtdMaterials | 2.28% | 1.04% | 1.04% |
| Cholamandalam Investment and Finance Company LtdFinancial Services | 2.39% | 0.97% | 0.97% |
| Fortis Healthcare LtdHealthcare | 0.94% | 1.20% | 0.94% |
| TML Commercial Vehicles LtdIndustrials | 1.30% | 0.91% | 0.91% |
| Hindustan Unilever LtdConsumer Staples | 0.84% | 1.57% | 0.84% |
| Hyundai Motor India LtdConsumer Discretionary | 1.14% | 0.62% | 0.62% |
| Coromandel International LtdAgriculture | 0.59% | 1.39% | 0.59% |
| Total | 49.09% | 61.04% | 41.32% |
Only in Axis ELSS Tax Saver Fund
48 stocks, 49.1% of the fund
- Bajaj Finance LtdFinancial Services3.42%
- Divi'S Laboratories LtdHealthcare2.71%
- Pidilite Industries LtdMaterials2.62%
- PB Fintech LtdTechnology1.99%
- Titan Company LtdConsumer Discretionary1.93%
- CG Power And Industrial Solutions LtdIndustrials1.68%
- Indian Hotels Co. LtdConsumer Discretionary1.58%
- Sona Blw Precision Forgings LtdConsumer Discretionary1.42%
- Interglobe Aviation LtdTransportation & Logistics1.36%
- Apar Industries LtdIndustrials1.26%
Only in DSP ELSS Tax Saver Fund
38 stocks, 37.7% of the fund
- Max Financial Services LtdFinancial Services2.04%
- Bharat Petroleum Corpn. LtdEnergy1.95%
- Cipla LtdHealthcare1.89%
- Coforge LtdTechnology1.78%
- NTPC LtdUtilities1.76%
- Samvardhana Motherson International LtdConsumer Discretionary1.58%
- Indus Towers LtdCommunication Services1.51%
- SBI Life Insurance Company LtdFinancial Services1.47%
- Ipca Laboratories LtdHealthcare1.37%
- ITC LtdConsumer Staples1.26%
Check another pair
More ELSS Tax Saving pairs
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- SBI ELSS Tax Saver Fund vs HDFC ELSS Tax saver
What is mutual fund portfolio overlap?
Portfolio overlap is the share of two funds' money that sits in the same stocks in the same amounts. Two flexi cap funds that both hold HDFC Bank, ICICI Bank and Reliance overlap by the smaller of their weights in each of those stocks.
How is portfolio overlap calculated?
For every stock both funds hold, take the smaller of the two weights, then add them up. If one fund holds HDFC Bank at 8% and the other at 5%, that stock adds 5% to the overlap. Only shares count; cash, bonds, deposits and REITs are left out. The figures use each fund's latest monthly portfolio disclosure.
Is high overlap between two funds bad?
Not by itself. RuDo studied 33,153 pairs of diversified equity funds over five years to September 2026. Funds from different fund houses with 50% to 70% overlap shared mostly the index's largest stocks, and holding both still made returns swing 12% to 15% less around the index than holding either one. Overlap above 70% came mostly from two funds of the same fund house, which hold nearly the same portfolio.
How often does the overlap change?
Fund houses disclose their portfolios every month, so the overlap is refreshed as each new disclosure arrives. It moves slowly for most diversified funds and faster for focused or high-turnover funds.
Based on each fund's monthly portfolio disclosure. Past performance does not indicate future returns.