Loading fund overlap…
13 of 67 unique stocks in common · Jaccard: 19.4%
A weighted portfolio overlap of 33.95% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.95 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 6.96% in IB01-Groww Large Cap Fund and 7.73% in NJ Arbitrage Fund. Holding both schemes increases your concentration in Reliance Industries 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 IB01-Groww | in NJ |
|---|---|---|
| Reliance IndustriesPetroleum Products | 6.96% | 7.73% |
| HDFC BankBanks | 9.16% | 6.95% |
| Bajaj FinanceFinance | 3.85% | 3.79% |
| State Bank of IndiaBanks | 5.02% | 3.77% |
| Kotak Mahindra BankBanks | 3.00% | 7.13% |
| Bharti AirtelTelecom - Services | 4.88% | 2.90% |
| Axis BankBanks | 2.48% | 2.13% |
| ICICI BankBanks | 8.83% | 1.09% |
| Titan CompanyConsumer Durables | 1.06% | 1.32% |
| Ambuja CementsCement & Cement Products | 1.37% | 0.83% |
| Larsen & ToubroConstruction | 7.11% | 0.80% |
| Hindustan UnileverDiversified FMCG | 1.22% | 0.62% |
| Bharat ElectronicsAerospace & Defense | 1.54% | 0.04% |
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 Oct 2025). Equity holdings only, ISIN-verified. Not investment advice.