The Securities and Exchange Board of India (SEBI) recently introduced various measures to protect mutual fund investors' interests and curb mis-selling. the average of daily portfolio overlap values over a quarter," the circular mentioned while setting out a detailed methodology for computing portfolio overlap. According to an analysis by Livemint on data shared by PRIME Database, several mutual fund schemes offered by different fund houses show significant portfolio overlap. Mutual Fund Scheme A Scheme B Overlap % AXIS MUTUAL FUND AXIS BUSINESS CYCLES FUND AXIS ELSS TAX SAVER FUND 54.46 AXIS MUTUAL FUND AXIS BUSINESS CYCLES FUND AXIS LARGE & MID CAP FUND 51.15 AXIS MUTUAL FUND AXIS BUSINESS CYCLES FUND AXIS VALUE FUND 55.01 AXIS MUTUAL FUND AXIS ELSS TAX SAVER FUND AXIS ESG INTEGRATION STRATEGY FUND 53.24 AXIS MUTUAL FUND AXIS ELSS TAX SAVER FUND AXIS FOCUSED FUND 57.05 AXIS MUTUAL FUND AXIS ELSS TAX SAVER FUND AXIS LARGE CAP FUND 67.10 DSP MUTUAL FUND DSP ELSS TAX SAVER FUND DSP LARGE & MID CAP FUND 78.05 DSP MUTUAL FUND DSP ELSS TAX SAVER FUND DSP LARGE CAP FUND 53.10 DSP MUTUAL FUND DSP FLEXI CAP FUND DSP FOCUSED FUND 61.42 HDFC MUTUAL FUND HDFC ELSS TAX SAVER HDFC FOCUSED FUND 67.59 HDFC MUTUAL FUND HDFC LARGE & MID CAP FUND HDFC MULTI CAP FUND 56.70 HDFC MUTUAL FUND HDFC LARGE CAP FUND HDFC ELSS TAX SAVER 50.71 ICICI PRUDENTIAL MUTUAL FUND ICICI PRUDENTIAL BUSINESS CYCLE FUND ICICI PRUDENTIAL LARGE CAP FUND 77.51 ICICI PRUDENTIAL MUTUAL FUND ICICI PRUDENTIAL ELSS TAX SAVER FUND ICICI PRUDENTIAL ESG EXCLUSIONARY STRATEGY FUND 59.49 KOTAK MAHINDRA MUTUAL FUND KOTAK CONTRA FUND KOTAK ELSS TAX SAVER FUND 55.24 KOTAK MAHINDRA MUTUAL FUND KOTAK CONTRA FUND KOTAK FOCUSED FUND 55.92 KOTAK MAHINDRA MUTUAL FUND KOTAK CONTRA FUND KOTAK LARGE & MIDCAP FUND 55.52 KOTAK MAHINDRA MUTUAL FUND KOTAK CONTRA FUND KOTAK LARGE CAP FUND 52.39 KOTAK MAHINDRA MUTUAL FUND KOTAK ELSS TAX SAVER FUND KOTAK ESG EXCLUSIONARY STRATEGY FUND 56.21 KOTAK MAHINDRA MUTUAL FUND KOTAK LARGE & MIDCAP FUND KOTAK FLEXICAP FUND 59.09 Source: primeMFdatabase.com Data compiled on the basis of weightage of holdings of listed Indian companies in the equity schemes - Top 10 mutual funds on the basis of MAAUM. In most cases, holding 3 to 5 carefully selected mutual fund schemes is sufficient to achieve optimal diversification.

Source: Mint March 02, 2026 16:01 UTC