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10 of 102 unique stocks in common · Jaccard: 9.8%
A weighted portfolio overlap of 22.59% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.59 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 7.74% in IB11-Groww ELSS Tax Saver Fund and 13.32% in ICICI Prudential Banking & Financial Services 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 IB11-Groww | in ICICI |
|---|---|---|
| HDFC BankBanks | 7.74% | 13.32% |
| ICICI BankBanks | 5.32% | 12.95% |
| State Bank of IndiaBanks | 2.12% | 5.88% |
| Axis BankBanks | 1.81% | 8.76% |
| Anand Rathi WealthCapital Markets | 2.37% | 1.46% |
| Max Financial ServicesInsurance | 1.37% | 1.32% |
| Bajaj FinanceFinance | 1.75% | 1.29% |
| Go Digit General InsuranceInsurance | 1.26% | 0.66% |
| Bajaj Holdings & InvestmentFinance | 2.57% | 0.62% |
| Cholamandalam Investment and Finance CompanyFinance | 0.25% | 1.26% |
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.