DSP ELSS Tax Saver Fund vs Mirae Asset ELSS Tax Saver Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
42.6%
Moderate overlap
Some shared stocks, different bets.
22
Common stocks
36
Only in DSP ELSS Tax Saver Fund
46
Only in Mirae Asset ELSS Tax Saver Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
22 common stocks
DSP ELSS Tax Saver FundMirae Asset ELSS Tax Saver Fund| Stock | DSP ELSS Tax Saver Fund | Mirae Asset ELSS Tax Saver Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 8.38% | 8.43% | 8.38% |
| ICICI Bank LtdFinancial Services | 9.96% | 5.32% | 5.32% |
| State Bank Of IndiaFinancial Services | 5.77% | 4.03% | 4.03% |
| Axis Bank LtdFinancial Services | 7.89% | 3.62% | 3.62% |
| Reliance Industries LtdEnergy | 2.85% | 4.35% | 2.85% |
| Bharti Airtel LtdCommunication Services | 3.25% | 2.74% | 2.74% |
| Infosys LtdTechnology | 2.42% | 2.22% | 2.22% |
| Sun Pharmaceutical Industries LtdHealthcare | 1.72% | 2.38% | 1.72% |
| Mahindra & Mahindra LtdConsumer Discretionary | 2.53% | 1.52% | 1.52% |
| SBI Life Insurance Company LtdFinancial Services | 1.47% | 1.87% | 1.47% |
| Tata Consultancy Services LtdTechnology | 1.65% | 1.41% | 1.41% |
| Larsen & Toubro LtdIndustrials | 1.52% | 1.34% | 1.34% |
| Maruti Suzuki India LtdConsumer Discretionary | 1.26% | 1.83% | 1.26% |
| ITC LtdConsumer Staples | 1.26% | 1.69% | 1.26% |
| Bharat Petroleum Corpn. LtdEnergy | 1.95% | 1.04% | 1.04% |
| Bharat Forge LtdConsumer Discretionary | 0.93% | 1.04% | 0.93% |
| Kotak Mahindra Bank LtdFinancial Services | 3.65% | 0.56% | 0.56% |
| Gujarat Gas LtdEnergy | 0.41% | 0.80% | 0.41% |
| Zomato LtdConsumer Discretionary | 1.75% | 0.33% | 0.33% |
| GSPL Transmission LtdEnergy | 0.08% | 0.16% | 0.08% |
| TML Commercial Vehicles LtdIndustrials | 0.91% | 0.07% | 0.07% |
| Power Finance Corporation LtdFinancial Services | 0.70% | 0.03% | 0.03% |
| Total | 62.31% | 46.78% | 42.59% |
Only in DSP ELSS Tax Saver Fund
36 stocks, 36.4% of the fund
- Max Financial Services LtdFinancial Services2.04%
- Cipla LtdHealthcare1.89%
- Coforge LtdTechnology1.78%
- NTPC LtdUtilities1.76%
- Samvardhana Motherson International LtdConsumer Discretionary1.58%
- Hindustan Unilever LtdConsumer Staples1.57%
- Indus Towers LtdCommunication Services1.51%
- Coromandel International LtdAgriculture1.39%
- Ipca Laboratories LtdHealthcare1.37%
- Asian Paints LtdConsumer Discretionary1.25%
Only in Mirae Asset ELSS Tax Saver Fund
46 stocks, 52.5% of the fund
- Laurus Labs LtdHealthcare4.31%
- PB Fintech LtdTechnology3.27%
- Delhivery LtdTransportation & Logistics2.29%
- Crompton Greaves Consumer Electricals LtdConsumer Discretionary2.13%
- Indusind Bank LtdFinancial Services2.10%
- Hindalco Industries LtdMaterials1.96%
- Steel Authority Of India LtdMaterials1.84%
- Equitas Small Finance Bank LtdFinancial Services1.75%
- Vedanta Aluminium Metal LtdMaterials1.69%
- Tata Communications LtdCommunication Services1.65%
Check another pair
More ELSS Tax Saving pairs
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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.