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41 of 161 unique stocks in common · Jaccard: 25.5%
A weighted portfolio overlap of 31.44% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.44 is allocated to the exact same companies at the same relative proportions. The schemes share 41 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 4.27% in IB03-Groww Aggressive Hybrid Fund and 5.59% in ICICI Prudential Multi Asset Allocation 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 ICICI |
|---|---|---|
| HDFC BankBanks | 4.27% | 5.59% |
| ICICI BankBanks | 4.11% | 3.76% |
| Reliance IndustriesPetroleum Products | 3.46% | 3.26% |
| Axis BankBanks | 1.61% | 2.38% |
| InfosysIT - Software | 1.60% | 1.72% |
| Kotak Mahindra BankBanks | 1.17% | 1.30% |
| Bharti AirtelTelecom - Services | 2.14% | 1.11% |
| IndusInd BankBanks | 0.99% | 1.34% |
| State Bank of IndiaBanks | 1.80% | 0.94% |
| ITCDiversified FMCG | 0.90% | 1.59% |
| Larsen & ToubroConstruction | 1.82% | 0.85% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.78% | 1.06% |
| Maruti Suzuki IndiaAutomobiles | 0.75% | 1.49% |
| Tata Consultancy ServicesIT - Software | 1.05% | 0.75% |
| Hindustan UnileverDiversified FMCG | 0.70% | 1.51% |
| Info Edge (India)Retailing | 0.66% | 0.67% |
| Tata SteelFerrous Metals | 0.66% | 0.67% |
| Bajaj AutoAutomobiles | 0.61% | 0.56% |
| NTPCPower | 0.55% | 1.37% |
| Bajaj FinservFinance | 0.50% | 2.58% |
| Shree CementCement & Cement Products | 0.43% | 0.90% |
| Mahindra & MahindraAutomobiles | 1.15% | 0.43% |
| ICICI Lombard General Insurance CompanyInsurance | 0.52% | 0.42% |
| Grasim IndustriesCement & Cement Products | 0.64% | 0.40% |
| Asian PaintsConsumer Durables | 0.50% | 0.35% |
| Bharat ElectronicsAerospace & Defense | 0.59% | 0.31% |
| Hindalco IndustriesNon - Ferrous Metals | 0.71% | 0.31% |
| Eicher MotorsAutomobiles | 0.55% | 0.30% |
| UPLFertilizers & Agrochemicals | 0.51% | 0.30% |
| Nestle IndiaFood Products | 0.50% | 0.30% |
| FSN E-Commerce VenturesRetailing | 0.64% | 0.27% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 0.34% | 0.21% |
| Sona Blw Precision ForgingsAuto Components | 0.57% | 0.21% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.63% | 0.17% |
| Titan CompanyConsumer Durables | 0.90% | 0.15% |
| Bharat ForgeAuto Components | 0.87% | 0.12% |
| Hero MotoCorpAutomobiles | 1.09% | 0.12% |
| JSW SteelFerrous Metals | 0.59% | 0.11% |
| Ultratech CementCement & Cement Products | 0.61% | 0.10% |
| Indus TowersTelecom - Services | 0.67% | 0.05% |
| Vedanta PowerPower | 0.03% | 0.03% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.