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27 of 122 unique stocks in common · Jaccard: 22.1%
A weighted portfolio overlap of 39.54% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹39.54 is allocated to the exact same companies at the same relative proportions. The schemes share 27 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 8.46% in ICICI Prudential Large Cap 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% | 8.46% |
| ICICI BankBanks | 5.32% | 8.72% |
| Reliance IndustriesPetroleum Products | 4.72% | 5.41% |
| Bharti AirtelTelecom - Services | 2.60% | 4.34% |
| Maruti Suzuki IndiaAutomobiles | 2.52% | 3.55% |
| Larsen & ToubroConstruction | 2.29% | 5.38% |
| InfosysIT - Software | 2.13% | 3.60% |
| Axis BankBanks | 1.81% | 4.67% |
| Ultratech CementCement & Cement Products | 1.34% | 2.69% |
| State Bank of IndiaBanks | 2.12% | 1.02% |
| NTPCPower | 0.87% | 2.38% |
| Hindustan UnileverDiversified FMCG | 1.65% | 0.83% |
| Hero MotoCorpAutomobiles | 0.78% | 1.59% |
| Mahindra & MahindraAutomobiles | 0.70% | 2.34% |
| Eicher MotorsAutomobiles | 2.02% | 0.62% |
| EternalRetailing | 2.21% | 0.54% |
| ITCDiversified FMCG | 0.51% | 0.94% |
| TVS Motor CompanyAutomobiles | 1.17% | 0.49% |
| HCL TechnologiesIT - Software | 0.65% | 0.47% |
| Tata SteelFerrous Metals | 0.83% | 0.43% |
| Asian PaintsConsumer Durables | 0.37% | 2.02% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.34% | 2.65% |
| Hyundai Motor IndiaAutomobiles | 0.30% | 0.95% |
| Oil & Natural Gas CorporationOil | 0.26% | 1.25% |
| Power Grid Corporation of IndiaPower | 0.25% | 1.08% |
| Container Corporation of IndiaTransport Services | 0.48% | 0.24% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.74% | 0.08% |
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.