Loading fund overlap…
9 of 74 unique stocks in common · Jaccard: 12.2%
A weighted portfolio overlap of 26.98% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.98 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 9.25% in Back to Index and 15.21% in IB19-Groww Banking & Financial Services 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 IB19-Groww |
|---|---|---|
| HDFC BankBanks | 9.25% | 15.21% |
| ICICI BankBanks | 6.69% | 9.41% |
| State Bank of IndiaBanks | 3.37% | 4.23% |
| Bajaj FinanceFinance | 1.92% | 7.79% |
| Cholamandalam Financial HoldingsFinance | 1.37% | 2.76% |
| SBI Life Insurance CompanyInsurance | 1.26% | 3.67% |
| Bajaj Holdings & InvestmentFinance | 1.13% | 2.95% |
| Aptus Value Housing Finance IndiaFinance | 1.07% | 1.45% |
| SagilityIT - Services | 0.92% | 1.25% |
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.