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11 of 93 unique stocks in common · Jaccard: 11.8%
A weighted portfolio overlap of 33.98% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.98 is allocated to the exact same companies at the same relative proportions. The schemes share 11 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 7.02% in IB13-Groww Value 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 IB13-Groww |
|---|---|---|
| HDFC BankBanks | 6.47% | 7.02% |
| ICICI BankBanks | 6.81% | 5.53% |
| Reliance IndustriesPetroleum Products | 4.24% | 4.21% |
| State Bank of IndiaBanks | 4.09% | 4.48% |
| Axis BankBanks | 3.98% | 2.89% |
| Bharti AirtelTelecom - Services | 2.84% | 5.02% |
| Larsen & ToubroConstruction | 2.49% | 4.24% |
| TVS HoldingsFinance | 2.19% | 1.69% |
| Emcure PharmaceuticalsPharmaceuticals & Biotechnology | 1.58% | 1.35% |
| Gillette IndiaPersonal Products | 1.31% | 1.21% |
| NTPCPower | 1.57% | 1.21% |
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.