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14 of 110 unique stocks in common · Jaccard: 12.7%
A weighted portfolio overlap of 25.01% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.01 is allocated to the exact same companies at the same relative proportions. The schemes share 14 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 6.07% in IB29-Groww Multicap 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 IB29-Groww |
|---|---|---|
| HDFC BankBanks | 6.48% | 6.07% |
| ICICI BankBanks | 8.83% | 4.77% |
| Larsen & ToubroConstruction | 3.55% | 5.03% |
| Bharti AirtelTelecom - Services | 2.96% | 2.90% |
| State Bank of IndiaBanks | 4.22% | 1.78% |
| Eicher MotorsAutomobiles | 2.46% | 1.49% |
| Tata SteelFerrous Metals | 1.30% | 0.94% |
| Max Healthcare InstituteHealthcare Services | 1.38% | 0.89% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 0.82% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 0.88% |
| Anthem BiosciencesPharmaceuticals & Biotechnology | 0.57% | 1.10% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.34% | 0.96% |
| SwiggyRetailing | 0.27% | 1.08% |
| Nippon Life India Asset ManagementCapital Markets | 0.05% | 1.54% |
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.