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17 of 127 unique stocks in common · Jaccard: 13.4%
A weighted portfolio overlap of 32.73% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.73 is allocated to the exact same companies at the same relative proportions. The schemes share 17 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 9.24% in ICICI Prudential Business Cycle 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% | 9.24% |
| ICICI BankBanks | 5.32% | 7.17% |
| Reliance IndustriesPetroleum Products | 4.72% | 5.46% |
| Bharti AirtelTelecom - Services | 2.60% | 3.12% |
| Maruti Suzuki IndiaAutomobiles | 2.52% | 4.09% |
| Larsen & ToubroConstruction | 2.29% | 7.12% |
| Axis BankBanks | 1.81% | 3.41% |
| Ultratech CementCement & Cement Products | 1.34% | 2.89% |
| NTPCPower | 0.87% | 2.83% |
| Hero MotoCorpAutomobiles | 0.78% | 2.07% |
| Mahindra & MahindraAutomobiles | 0.70% | 1.83% |
| Hindustan UnileverDiversified FMCG | 1.65% | 0.51% |
| Asian PaintsConsumer Durables | 0.37% | 2.24% |
| Go Digit General InsuranceInsurance | 1.26% | 0.31% |
| Hyundai Motor IndiaAutomobiles | 0.30% | 1.84% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.33% | 0.29% |
| Oil & Natural Gas CorporationOil | 0.26% | 0.80% |
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.