Loading fund overlap…
22 of 70 unique stocks in common · Jaccard: 31.4%
A weighted portfolio overlap of 38.56% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹38.56 is allocated to the exact same companies at the same relative proportions. The schemes share 22 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 8.85% in IB03-Groww Aggressive Hybrid 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 IB03-Groww | in IB29-Groww |
|---|---|---|
| HDFC BankBanks | 8.85% | 6.07% |
| Larsen & ToubroConstruction | 5.32% | 5.03% |
| ICICI BankBanks | 7.86% | 4.77% |
| Bharti AirtelTelecom - Services | 4.07% | 2.90% |
| Bajaj FinanceFinance | 2.87% | 2.86% |
| State Bank of IndiaBanks | 3.13% | 1.78% |
| Cummins IndiaIndustrial Products | 1.55% | 2.04% |
| Emcure PharmaceuticalsPharmaceuticals & Biotechnology | 1.87% | 1.54% |
| Max Financial ServicesInsurance | 2.51% | 1.50% |
| GE Vernova T&D IndiaElectrical Equipment | 1.17% | 1.68% |
| Sandhar TechnologiesAuto Components | 1.14% | 1.42% |
| CoforgeIT - Software | 1.11% | 3.54% |
| Eicher MotorsAutomobiles | 0.98% | 1.49% |
| Tata SteelFerrous Metals | 2.01% | 0.94% |
| Ultratech CementCement & Cement Products | 1.08% | 0.90% |
| Shriram Pistons & RingsAuto Components | 0.88% | 1.09% |
| Maruti Suzuki IndiaAutomobiles | 2.52% | 0.82% |
| Mahindra & MahindraAutomobiles | 1.18% | 0.76% |
| SwiggyRetailing | 0.67% | 1.08% |
| Ambuja CementsCement & Cement Products | 0.73% | 0.60% |
| Kotak Mahindra BankBanks | 1.91% | 0.47% |
| Indiqube SpacesCommercial Services & Supplies | 0.11% | 1.29% |
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.