DSP 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
40.1%
Moderate overlap
Some shared stocks, different bets.
23
Common stocks
35
Only in DSP ELSS Tax Saver Fund
63
Only in SBI ELSS Tax Saver Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
23 common stocks
DSP ELSS Tax Saver FundSBI ELSS Tax Saver Fund| Stock | DSP ELSS Tax Saver Fund | SBI ELSS Tax Saver Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 9.96% | 7.79% | 7.79% |
| HDFC Bank LtdFinancial Services | 8.38% | 6.27% | 6.27% |
| Kotak Mahindra Bank LtdFinancial Services | 3.65% | 6.70% | 3.65% |
| Reliance Industries LtdEnergy | 2.85% | 3.93% | 2.85% |
| Cipla LtdHealthcare | 1.89% | 2.11% | 1.89% |
| Bharti Airtel LtdCommunication Services | 3.25% | 1.75% | 1.75% |
| Sun Pharmaceutical Industries LtdHealthcare | 1.72% | 1.70% | 1.70% |
| Larsen & Toubro LtdIndustrials | 1.52% | 2.89% | 1.52% |
| Axis Bank LtdFinancial Services | 7.89% | 1.43% | 1.43% |
| Maruti Suzuki India LtdConsumer Discretionary | 1.26% | 1.28% | 1.26% |
| Asian Paints LtdConsumer Discretionary | 1.25% | 1.33% | 1.25% |
| Samvardhana Motherson International LtdConsumer Discretionary | 1.58% | 1.08% | 1.08% |
| State Bank Of IndiaFinancial Services | 5.77% | 1.04% | 1.04% |
| Mahindra & Mahindra LtdConsumer Discretionary | 2.53% | 1.03% | 1.03% |
| Tata Consultancy Services LtdTechnology | 1.65% | 1.02% | 1.02% |
| Cholamandalam Investment and Finance Company LtdFinancial Services | 0.97% | 1.52% | 0.97% |
| Infosys LtdTechnology | 2.42% | 0.95% | 0.95% |
| Bharat Forge LtdConsumer Discretionary | 0.93% | 0.97% | 0.93% |
| TML Commercial Vehicles LtdIndustrials | 0.91% | 1.19% | 0.91% |
| Fortis Healthcare LtdHealthcare | 1.20% | 0.50% | 0.50% |
| Gujarat Gas LtdEnergy | 0.41% | 0.28% | 0.28% |
| GSPL Transmission LtdEnergy | 0.08% | 0.06% | 0.06% |
| Tata Capital LtdFinancial Services | 1.23% | 0.01% | 0.01% |
| Total | 63.30% | 46.83% | 40.14% |
Only in DSP ELSS Tax Saver Fund
35 stocks, 35.4% of the fund
- Max Financial Services LtdFinancial Services2.04%
- Bharat Petroleum Corpn. LtdEnergy1.95%
- Coforge LtdTechnology1.78%
- NTPC LtdUtilities1.76%
- Zomato LtdConsumer Discretionary1.75%
- Hindustan Unilever LtdConsumer Staples1.57%
- Indus Towers LtdCommunication Services1.51%
- SBI Life Insurance Company LtdFinancial Services1.47%
- Coromandel International LtdAgriculture1.39%
- Ipca Laboratories LtdHealthcare1.37%
Only in SBI ELSS Tax Saver Fund
63 stocks, 50.1% of the fund
- Adani Enterprises LtdMaterials3.09%
- Bajaj Finance LtdFinancial Services2.88%
- Torrent Power LtdUtilities2.15%
- 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%
- Britannia Industries LtdConsumer Staples1.22%
- Grindwell Norton LtdIndustrials1.20%
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.