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5 of 262 unique stocks in common · Jaccard: 1.9%
A weighted portfolio overlap of 2.95% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹2.95 is allocated to the exact same companies at the same relative proportions. The schemes share 5 common holdings.
The largest overlapping asset in their portfolios is The South Indian Bank, which commands a weight of 1.28% in Back to Index and 1.25% in IB19-Groww Banking & Financial Services Fund. Holding both schemes increases your concentration in The South Indian 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 Back | in IB19-Groww |
|---|---|---|
| The South Indian BankBanks | 1.28% | 1.25% |
| Prudent Corporate Advisory ServicesCapital Markets | 0.62% | 0.56% |
| CSB BankBanks | 0.47% | 2.03% |
| India Shelter Finance CorporationFinance | 0.45% | 1.01% |
| Fedbank Financial ServicesFinance | 0.22% | 0.49% |
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.