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22 of 105 unique stocks in common · Jaccard: 21%
A weighted portfolio overlap of 41.6% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹41.6 is allocated to the exact same companies at the same relative proportions. The schemes share 22 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.47% in Aditya Birla Sun Life ELSS Tax Saver Fund and 7.74% in IB11-Groww ELSS Tax Saver Fund. Holding both schemes increases your concentration in HDFC Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Aditya | in IB11-Groww |
|---|---|---|
| HDFC BankBanks | 6.47% | 7.74% |
| ICICI BankBanks | 6.81% | 5.32% |
| Reliance IndustriesPetroleum Products | 4.24% | 4.72% |
| Bharti AirtelTelecom - Services | 2.84% | 2.60% |
| Larsen & ToubroConstruction | 2.49% | 2.29% |
| EternalRetailing | 2.24% | 2.21% |
| InfosysIT - Software | 4.18% | 2.13% |
| State Bank of IndiaBanks | 4.09% | 2.12% |
| Axis BankBanks | 3.98% | 1.81% |
| Fortis HealthcareHealthcare Services | 2.49% | 1.77% |
| Bajaj FinanceFinance | 1.68% | 1.75% |
| Gillette IndiaPersonal Products | 1.31% | 2.29% |
| Ultratech CementCement & Cement Products | 1.18% | 1.34% |
| Max Financial ServicesInsurance | 1.04% | 1.37% |
| L&T FinanceFinance | 1.01% | 1.53% |
| Hindustan UnileverDiversified FMCG | 1.00% | 1.65% |
| NTPCPower | 1.57% | 0.87% |
| Mahindra & MahindraAutomobiles | 2.55% | 0.70% |
| Go Digit General InsuranceInsurance | 0.69% | 1.26% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 2.88% | 0.60% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.15% | 0.34% |
| Cholamandalam Investment and Finance CompanyFinance | 1.46% | 0.25% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on Apr 2026). Equity holdings only, ISIN-verified. Not investment advice.