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23 of 110 unique stocks in common · Jaccard: 20.9%
A weighted portfolio overlap of 37.04% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.04 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.48% in HDFC Flexi Cap Fund and 7.74% in IB11-Groww ELSS Tax Saver 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 HDFC | in IB11-Groww |
|---|---|---|
| HDFC BankBanks | 6.48% | 7.74% |
| ICICI BankBanks | 8.83% | 5.32% |
| Bharti AirtelTelecom - Services | 2.96% | 2.60% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 2.52% |
| Larsen & ToubroConstruction | 3.55% | 2.29% |
| EternalRetailing | 2.73% | 2.21% |
| State Bank of IndiaBanks | 4.22% | 2.12% |
| Eicher MotorsAutomobiles | 2.46% | 2.02% |
| Reliance IndustriesPetroleum Products | 2.01% | 4.72% |
| Axis BankBanks | 6.84% | 1.81% |
| InfosysIT - Software | 1.32% | 2.13% |
| BoschAuto Components | 1.10% | 1.37% |
| Tata SteelFerrous Metals | 1.30% | 0.83% |
| FSN E-Commerce VenturesRetailing | 0.80% | 1.86% |
| HCL TechnologiesIT - Software | 2.47% | 0.65% |
| Aster DM HealthcareHealthcare Services | 0.64% | 0.94% |
| Vishal Mega MartRetailing | 0.70% | 0.62% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 0.74% |
| Hyundai Motor IndiaAutomobiles | 1.70% | 0.30% |
| TVS Motor CompanyAutomobiles | 0.29% | 1.17% |
| Oil & Natural Gas CorporationOil | 0.58% | 0.26% |
| Power Grid Corporation of IndiaPower | 2.51% | 0.25% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 1.04% |
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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.