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17 of 115 unique stocks in common · Jaccard: 14.8%
A weighted portfolio overlap of 17.23% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.23 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 Eternal, which commands a weight of 2.21% in IB11-Groww ELSS Tax Saver Fund and 2.04% in Kotak Midcap Fund. Holding both schemes increases your concentration in Eternal 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 Kotak |
|---|---|---|
| EternalRetailing | 2.21% | 2.04% |
| Fortis HealthcareHealthcare Services | 1.77% | 4.03% |
| JK CementCement & Cement Products | 1.64% | 1.94% |
| L&T FinanceFinance | 1.53% | 2.27% |
| Max Financial ServicesInsurance | 1.37% | 1.47% |
| Bharti HexacomTelecom - Services | 1.22% | 1.76% |
| Bharat ElectronicsAerospace & Defense | 1.04% | 2.13% |
| Coromandel InternationalFertilizers & Agrochemicals | 1.03% | 1.55% |
| GE Vernova T&D IndiaElectrical Equipment | 0.97% | 4.22% |
| Aster DM HealthcareHealthcare Services | 0.94% | 0.89% |
| RECFinance | 0.88% | 0.69% |
| Vishal Mega MartRetailing | 0.62% | 2.67% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.74% | 0.57% |
| MRFAuto Components | 0.56% | 0.92% |
| Indian BankBanks | 0.56% | 2.37% |
| Schaeffler IndiaAuto Components | 0.48% | 1.92% |
| Cholamandalam Investment and Finance CompanyFinance | 0.25% | 1.66% |
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.