HDFC ELSS Tax saver 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
38.3%
Moderate overlap
Some shared stocks, different bets.
19
Common stocks
43
Only in HDFC ELSS Tax saver
49
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.
19 common stocks
HDFC ELSS Tax saverMirae Asset ELSS Tax Saver Fund| Stock | HDFC ELSS Tax saver | Mirae Asset ELSS Tax Saver Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 7.36% | 8.43% | 7.36% |
| ICICI Bank LtdFinancial Services | 9.32% | 5.32% | 5.32% |
| State Bank Of IndiaFinancial Services | 4.64% | 4.03% | 4.03% |
| Axis Bank LtdFinancial Services | 6.50% | 3.62% | 3.62% |
| Bharti Airtel LtdCommunication Services | 4.29% | 2.74% | 2.74% |
| Reliance Industries LtdEnergy | 2.66% | 4.35% | 2.66% |
| SBI Life Insurance Company LtdFinancial Services | 3.25% | 1.87% | 1.87% |
| Maruti Suzuki India LtdConsumer Discretionary | 4.66% | 1.83% | 1.83% |
| PB Fintech LtdTechnology | 1.35% | 3.27% | 1.35% |
| Larsen & Toubro LtdIndustrials | 1.60% | 1.34% | 1.34% |
| Interglobe Aviation LtdTransportation & Logistics | 1.34% | 1.56% | 1.34% |
| Apollo Hospitals Enterprises LtdHealthcare | 1.53% | 1.18% | 1.18% |
| Infosys LtdTechnology | 1.17% | 2.22% | 1.17% |
| Mahindra & Mahindra LtdConsumer Discretionary | 0.72% | 1.52% | 0.72% |
| Kotak Mahindra Bank LtdFinancial Services | 4.59% | 0.56% | 0.56% |
| Godrej Consumer Products LtdConsumer Staples | 0.74% | 0.45% | 0.45% |
| Tata Steel LtdMaterials | 1.73% | 0.40% | 0.40% |
| Zomato LtdConsumer Discretionary | 2.31% | 0.33% | 0.33% |
| TML Commercial Vehicles LtdIndustrials | 0.18% | 0.07% | 0.07% |
| Total | 59.94% | 45.09% | 38.34% |
Only in HDFC ELSS Tax saver
43 stocks, 38.7% of the fund
- HCL Technologies LtdTechnology2.93%
- Hyundai Motor India LtdConsumer Discretionary2.76%
- Bajaj Auto LtdConsumer Discretionary1.96%
- Britannia Industries LtdConsumer Staples1.72%
- JSW Steel LtdMaterials1.51%
- Bosch LtdConsumer Discretionary1.41%
- Dr. Lal Pathlabs LtdHealthcare1.38%
- Karur Vysya Bank LtdFinancial Services1.30%
- Jubilant Foodworks LtdConsumer Discretionary1.23%
- Metropolis Healthcare LtdHealthcare1.17%
Only in Mirae Asset ELSS Tax Saver Fund
49 stocks, 54.2% of the fund
- Laurus Labs LtdHealthcare4.31%
- Sun Pharmaceutical Industries LtdHealthcare2.38%
- 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%
- ITC LtdConsumer Staples1.69%
Check another pair
More ELSS Tax Saving pairs
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- SBI ELSS Tax Saver Fund vs Mirae Asset ELSS Tax Saver Fund
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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.