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17 of 78 unique stocks in common · Jaccard: 21.8%
A weighted portfolio overlap of 42.68% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.68 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 9.25% in Back to Index 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 Back | in IB13-Groww |
|---|---|---|
| HDFC BankBanks | 9.25% | 7.02% |
| ICICI BankBanks | 6.69% | 5.53% |
| Bharti AirtelTelecom - Services | 4.42% | 5.02% |
| Reliance IndustriesPetroleum Products | 7.22% | 4.21% |
| Larsen & ToubroConstruction | 3.54% | 4.24% |
| State Bank of IndiaBanks | 3.37% | 4.48% |
| Axis BankBanks | 2.60% | 2.89% |
| Power Finance CorporationFinance | 1.56% | 3.71% |
| Cholamandalam Financial HoldingsFinance | 1.37% | 2.54% |
| Maruti Suzuki IndiaAutomobiles | 1.60% | 1.33% |
| SBI Life Insurance CompanyInsurance | 1.26% | 4.11% |
| Indiqube SpacesCommercial Services & Supplies | 1.25% | 1.64% |
| NTPCPower | 2.01% | 1.21% |
| Bajaj Holdings & InvestmentFinance | 1.13% | 3.85% |
| Tata Consultancy ServicesIT - Software | 2.34% | 0.98% |
| Aptus Value Housing Finance IndiaFinance | 1.07% | 0.97% |
| SagilityIT - Services | 0.92% | 1.66% |
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.