DSP ELSS Tax Saver Fund vs HDFC ELSS Tax saver
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
49.0%
Moderate overlap
Some shared stocks, different bets.
19
Common stocks
39
Only in DSP ELSS Tax Saver Fund
43
Only in HDFC ELSS Tax saver
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
19 common stocks
DSP ELSS Tax Saver FundHDFC ELSS Tax saver| Stock | DSP ELSS Tax Saver Fund | HDFC ELSS Tax saver | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 9.96% | 9.32% | 9.32% |
| HDFC Bank LtdFinancial Services | 8.38% | 7.36% | 7.36% |
| Axis Bank LtdFinancial Services | 7.89% | 6.50% | 6.50% |
| State Bank Of IndiaFinancial Services | 5.77% | 4.64% | 4.64% |
| Kotak Mahindra Bank LtdFinancial Services | 3.65% | 4.59% | 3.65% |
| Bharti Airtel LtdCommunication Services | 3.25% | 4.29% | 3.25% |
| Reliance Industries LtdEnergy | 2.85% | 2.66% | 2.66% |
| Zomato LtdConsumer Discretionary | 1.75% | 2.31% | 1.75% |
| Larsen & Toubro LtdIndustrials | 1.52% | 1.60% | 1.52% |
| SBI Life Insurance Company LtdFinancial Services | 1.47% | 3.25% | 1.47% |
| Maruti Suzuki India LtdConsumer Discretionary | 1.26% | 4.66% | 1.26% |
| Infosys LtdTechnology | 2.42% | 1.17% | 1.17% |
| Cipla LtdHealthcare | 1.89% | 1.09% | 1.09% |
| Alkem Laboratories LtdHealthcare | 0.95% | 1.17% | 0.95% |
| Hindustan Unilever LtdConsumer Staples | 1.57% | 0.74% | 0.74% |
| Mahindra & Mahindra LtdConsumer Discretionary | 2.53% | 0.72% | 0.72% |
| Hyundai Motor India LtdConsumer Discretionary | 0.62% | 2.76% | 0.62% |
| TML Commercial Vehicles LtdIndustrials | 0.91% | 0.18% | 0.18% |
| Suven Pharmaceuticals LtdHealthcare | 0.17% | 0.41% | 0.17% |
| Total | 58.81% | 59.42% | 49.02% |
Only in DSP ELSS Tax Saver Fund
39 stocks, 39.9% of the fund
- Max Financial Services LtdFinancial Services2.04%
- Bharat Petroleum Corpn. LtdEnergy1.95%
- Coforge LtdTechnology1.78%
- NTPC LtdUtilities1.76%
- Sun Pharmaceutical Industries LtdHealthcare1.72%
- Tata Consultancy Services LtdTechnology1.65%
- Samvardhana Motherson International LtdConsumer Discretionary1.58%
- Indus Towers LtdCommunication Services1.51%
- Coromandel International LtdAgriculture1.39%
- Ipca Laboratories LtdHealthcare1.37%
Only in HDFC ELSS Tax saver
43 stocks, 39.3% of the fund
- HCL Technologies LtdTechnology2.93%
- Bajaj Auto LtdConsumer Discretionary1.96%
- Tata Steel LtdMaterials1.73%
- Britannia Industries LtdConsumer Staples1.72%
- Apollo Hospitals Enterprises LtdHealthcare1.53%
- JSW Steel LtdMaterials1.51%
- Bosch LtdConsumer Discretionary1.41%
- Dr. Lal Pathlabs LtdHealthcare1.38%
- PB Fintech LtdTechnology1.35%
- Interglobe Aviation LtdTransportation & Logistics1.34%
Check another pair
More ELSS Tax Saving pairs
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- SBI ELSS Tax Saver Fund vs Mirae Asset ELSS Tax Saver Fund
- SBI ELSS Tax Saver Fund vs DSP ELSS Tax Saver Fund
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.