Axis ELSS Tax Saver Fund vs SBI ELSS Tax Saver Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
40.0%
Moderate overlap
Some shared stocks, different bets.
28
Common stocks
40
Only in Axis ELSS Tax Saver Fund
58
Only in SBI ELSS Tax Saver Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
28 common stocks
Axis ELSS Tax Saver FundSBI ELSS Tax Saver Fund| Stock | Axis ELSS Tax Saver Fund | SBI ELSS Tax Saver Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 7.02% | 7.79% | 7.02% |
| HDFC Bank LtdFinancial Services | 5.55% | 6.27% | 5.55% |
| Larsen & Toubro LtdIndustrials | 2.90% | 2.89% | 2.89% |
| Bajaj Finance LtdFinancial Services | 3.42% | 2.88% | 2.88% |
| Kotak Mahindra Bank LtdFinancial Services | 2.10% | 6.70% | 2.10% |
| Bharti Airtel LtdCommunication Services | 4.26% | 1.75% | 1.75% |
| Reliance Industries LtdEnergy | 1.66% | 3.93% | 1.66% |
| Sun Pharmaceutical Industries LtdHealthcare | 1.63% | 1.70% | 1.63% |
| Cholamandalam Investment and Finance Company LtdFinancial Services | 2.39% | 1.52% | 1.52% |
| Axis Bank LtdFinancial Services | 2.63% | 1.43% | 1.43% |
| TML Commercial Vehicles LtdIndustrials | 1.30% | 1.19% | 1.19% |
| State Bank Of IndiaFinancial Services | 2.37% | 1.04% | 1.04% |
| Mahindra & Mahindra LtdConsumer Discretionary | 2.57% | 1.03% | 1.03% |
| Tata Consultancy Services LtdTechnology | 1.93% | 1.02% | 1.02% |
| Infosys LtdTechnology | 1.75% | 0.95% | 0.95% |
| Tata Steel LtdMaterials | 0.86% | 0.86% | 0.86% |
| Delhivery LtdTransportation & Logistics | 0.83% | 0.87% | 0.83% |
| One 97 Communications LtdTechnology | 1.15% | 0.81% | 0.81% |
| Torrent Power LtdUtilities | 0.76% | 2.15% | 0.76% |
| Navin Fluorine International LtdMaterials | 1.10% | 0.63% | 0.63% |
| Cummins India LtdIndustrials | 1.06% | 0.62% | 0.62% |
| Fortis Healthcare LtdHealthcare | 0.94% | 0.50% | 0.50% |
| Karur Vysya Bank LtdFinancial Services | 0.76% | 0.46% | 0.46% |
| Krishna Institute of Medical Sciences LtdHealthcare | 0.52% | 0.32% | 0.32% |
| Dhoot Transmission LtdConsumer Discretionary | 0.24% | 0.64% | 0.24% |
| Sundaram Finance LtdFinancial Services | 0.67% | 0.15% | 0.15% |
| PB Fintech LtdTechnology | 1.99% | 0.08% | 0.08% |
| Solar Industries India LtdMaterials | 1.19% | 0.08% | 0.08% |
| Total | 55.55% | 50.26% | 40.00% |
Only in Axis ELSS Tax Saver Fund
40 stocks, 42.6% of the fund
- Zomato LtdConsumer Discretionary3.24%
- Divi'S Laboratories LtdHealthcare2.71%
- Pidilite Industries LtdMaterials2.62%
- Ultratech Cement LtdMaterials2.28%
- 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 SBI ELSS Tax Saver Fund
58 stocks, 46.7% of the fund
- Adani Enterprises LtdMaterials3.09%
- Cipla LtdHealthcare2.11%
- FSN E-Commerce Ventures LtdConsumer Discretionary1.98%
- Tech Mahindra LtdTechnology1.94%
- AIA Engineering LtdIndustrials1.88%
- HDFC Life Insurance Company LtdFinancial Services1.74%
- Hindalco Industries LtdMaterials1.47%
- Asian Paints LtdConsumer Discretionary1.33%
- Maruti Suzuki India LtdConsumer Discretionary1.28%
- Britannia Industries LtdConsumer Staples1.22%
Check another pair
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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.