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47 of 507 unique stocks in common · Jaccard: 9.3%
A weighted portfolio overlap of 14.26% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹14.26 is allocated to the exact same companies at the same relative proportions. The schemes share 47 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 2.29% in Back to Index and 5.59% in IB40-Groww Nifty 500 Low Volatility 50 ETF. Holding both schemes increases your concentration in State Bank of India 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 Back | in IB40-Groww |
|---|---|---|
| State Bank of IndiaBanks | 2.29% | 5.59% |
| Bajaj FinanceFinance | 1.29% | 5.36% |
| Maruti Suzuki IndiaAutomobiles | 0.90% | 6.04% |
| Bajaj AutoAutomobiles | 0.57% | 2.81% |
| Bajaj FinservFinance | 0.52% | 4.15% |
| Eicher MotorsAutomobiles | 0.50% | 3.57% |
| Tech MahindraIT - Software | 0.48% | 3.12% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.43% | 2.68% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 0.42% | 4.26% |
| SBI Life Insurance CompanyInsurance | 0.42% | 3.59% |
| TVS Motor CompanyAutomobiles | 0.42% | 2.51% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.41% | 4.31% |
| CiplaPharmaceuticals & Biotechnology | 0.38% | 3.93% |
| The Federal BankBanks | 0.36% | 1.98% |
| Britannia IndustriesFood Products | 0.35% | 3.93% |
| Hero MotoCorpAutomobiles | 0.34% | 2.74% |
| HDFC Life Insurance CompanyInsurance | 0.33% | 3.47% |
| WiproIT - Software | 0.30% | 1.81% |
| IDFC First BankBanks | 0.24% | 1.50% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 0.23% | 1.73% |
| Godrej Consumer ProductsPersonal Products | 0.22% | 1.50% |
| ICICI Lombard General Insurance CompanyInsurance | 0.22% | 2.01% |
| Max Financial ServicesInsurance | 0.22% | 1.38% |
| MaricoAgricultural Food & Other Products | 0.21% | 1.49% |
| LTIMindtreeIT - Software | 0.20% | 1.36% |
| SRFChemicals & Petrochemicals | 0.19% | 1.13% |
| Havells IndiaConsumer Durables | 0.16% | 1.39% |
| Colgate Palmolive (India)Personal Products | 0.14% | 1.14% |
| MRFAuto Components | 0.14% | 1.65% |
| Dabur IndiaPersonal Products | 0.13% | 1.41% |
| PI IndustriesFertilizers & Agrochemicals | 0.13% | 1.07% |
| Page IndustriesTextiles & Apparels | 0.12% | 1.04% |
| Zydus LifesciencesPharmaceuticals & Biotechnology | 0.12% | 0.86% |
| AstralIndustrial Products | 0.10% | 0.60% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.10% | 0.95% |
| SBI Cards and Payment ServicesFinance | 0.10% | 1.12% |
| Dalmia BharatCement & Cement Products | 0.08% | 0.54% |
| Berger Paints (I)Consumer Durables | 0.07% | 0.62% |
| Star Health And Allied Insurance CompanyInsurance | 0.06% | 0.35% |
| The Ramco CementsCement & Cement Products | 0.06% | 0.48% |
| Dr. Lal Path LabsHealthcare Services | 0.05% | 0.41% |
| Motherson Sumi Wiring IndiaAuto Components | 0.05% | 0.49% |
| Syngene InternationalHealthcare Services | 0.05% | 0.34% |
| Tata TechnologiesIT - Services | 0.05% | 0.34% |
| United BreweriesBeverages | 0.05% | 0.50% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.04% | 0.23% |
| Bata IndiaConsumer Durables | 0.02% | 0.27% |
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.