Mirae Asset 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
35.6%
Moderate overlap
Some shared stocks, different bets.
27
Common stocks
41
Only in Mirae Asset ELSS Tax Saver Fund
59
Only in SBI ELSS Tax Saver Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
27 common stocks
Mirae Asset ELSS Tax Saver FundSBI ELSS Tax Saver Fund| Stock | Mirae Asset ELSS Tax Saver Fund | SBI ELSS Tax Saver Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 8.43% | 6.27% | 6.27% |
| ICICI Bank LtdFinancial Services | 5.32% | 7.79% | 5.32% |
| Reliance Industries LtdEnergy | 4.35% | 3.93% | 3.93% |
| Bharti Airtel LtdCommunication Services | 2.74% | 1.75% | 1.75% |
| Sun Pharmaceutical Industries LtdHealthcare | 2.38% | 1.70% | 1.70% |
| Hindalco Industries LtdMaterials | 1.96% | 1.47% | 1.47% |
| Axis Bank LtdFinancial Services | 3.62% | 1.43% | 1.43% |
| Larsen & Toubro LtdIndustrials | 1.34% | 2.89% | 1.34% |
| FSN E-Commerce Ventures LtdConsumer Discretionary | 1.33% | 1.98% | 1.33% |
| Maruti Suzuki India LtdConsumer Discretionary | 1.83% | 1.28% | 1.28% |
| State Bank Of IndiaFinancial Services | 4.03% | 1.04% | 1.04% |
| Mahindra & Mahindra LtdConsumer Discretionary | 1.52% | 1.03% | 1.03% |
| Tata Consultancy Services LtdTechnology | 1.41% | 1.02% | 1.02% |
| Bharat Forge LtdConsumer Discretionary | 1.04% | 0.97% | 0.97% |
| Infosys LtdTechnology | 2.22% | 0.95% | 0.95% |
| Delhivery LtdTransportation & Logistics | 2.29% | 0.87% | 0.87% |
| Tata Communications LtdCommunication Services | 1.65% | 0.87% | 0.87% |
| Kotak Mahindra Bank LtdFinancial Services | 0.56% | 6.70% | 0.56% |
| Oil And Natural Gas Corporation LtdEnergy | 0.50% | 0.88% | 0.50% |
| Equitas Small Finance Bank LtdFinancial Services | 1.75% | 0.49% | 0.49% |
| Godrej Consumer Products LtdConsumer Staples | 0.45% | 0.57% | 0.45% |
| Tata Steel LtdMaterials | 0.40% | 0.86% | 0.40% |
| Gujarat Gas LtdEnergy | 0.80% | 0.28% | 0.28% |
| Timken India LtdIndustrials | 0.61% | 0.16% | 0.16% |
| PB Fintech LtdTechnology | 3.27% | 0.08% | 0.08% |
| TML Commercial Vehicles LtdIndustrials | 0.07% | 1.19% | 0.07% |
| GSPL Transmission LtdEnergy | 0.16% | 0.06% | 0.06% |
| Total | 56.03% | 48.51% | 35.62% |
Only in Mirae Asset ELSS Tax Saver Fund
41 stocks, 43.2% of the fund
- Laurus Labs LtdHealthcare4.31%
- Crompton Greaves Consumer Electricals LtdConsumer Discretionary2.13%
- Indusind Bank LtdFinancial Services2.10%
- SBI Life Insurance Company LtdFinancial Services1.87%
- Steel Authority Of India LtdMaterials1.84%
- Vedanta Aluminium Metal LtdMaterials1.69%
- ITC LtdConsumer Staples1.69%
- Interglobe Aviation LtdTransportation & Logistics1.56%
- Swiggy LtdConsumer Discretionary1.50%
- Ceat LtdConsumer Discretionary1.47%
Only in SBI ELSS Tax Saver Fund
59 stocks, 48.4% of the fund
- Adani Enterprises LtdMaterials3.09%
- Bajaj Finance LtdFinancial Services2.88%
- Torrent Power LtdUtilities2.15%
- Cipla LtdHealthcare2.11%
- Tech Mahindra LtdTechnology1.94%
- AIA Engineering LtdIndustrials1.88%
- HDFC Life Insurance Company LtdFinancial Services1.74%
- Cholamandalam Investment and Finance Company LtdFinancial Services1.52%
- Asian Paints LtdConsumer Discretionary1.33%
- 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.