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29 of 97 unique stocks in common · Jaccard: 29.9%
A weighted portfolio overlap of 42.53% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.53 is allocated to the exact same companies at the same relative proportions. The schemes share 29 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 9.31% in Nippon India 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 Nippon |
|---|---|---|
| HDFC BankBanks | 7.74% | 9.31% |
| ICICI BankBanks | 5.32% | 6.47% |
| Reliance IndustriesPetroleum Products | 4.72% | 7.30% |
| Larsen & ToubroConstruction | 2.29% | 3.71% |
| Maruti Suzuki IndiaAutomobiles | 2.52% | 2.17% |
| InfosysIT - Software | 2.13% | 3.32% |
| State Bank of IndiaBanks | 2.12% | 6.04% |
| Axis BankBanks | 1.81% | 4.46% |
| EternalRetailing | 2.21% | 1.71% |
| Hindustan UnileverDiversified FMCG | 1.65% | 1.40% |
| GE Vernova T&D IndiaElectrical Equipment | 0.97% | 1.87% |
| NTPCPower | 0.87% | 2.99% |
| Tata SteelFerrous Metals | 0.83% | 1.58% |
| Coal IndiaConsumable Fuels | 0.83% | 0.87% |
| Hero MotoCorpAutomobiles | 0.78% | 0.79% |
| Bharti AirtelTelecom - Services | 2.60% | 0.73% |
| Mahindra & MahindraAutomobiles | 0.70% | 0.99% |
| HCL TechnologiesIT - Software | 0.65% | 1.88% |
| Ultratech CementCement & Cement Products | 1.34% | 0.57% |
| Bharat ElectronicsAerospace & Defense | 1.04% | 0.54% |
| ITCDiversified FMCG | 0.51% | 5.84% |
| PVR INOXEntertainment | 0.79% | 0.50% |
| RECFinance | 0.88% | 0.49% |
| Max Financial ServicesInsurance | 1.37% | 0.47% |
| Gillette IndiaPersonal Products | 2.29% | 0.44% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.34% | 0.89% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.33% | 0.70% |
| Kotak Mahindra BankBanks | 1.48% | 0.31% |
| One 97 CommunicationsFinancial Technology (Fintech) | 2.12% | 0.28% |
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 Oct 2025). Equity holdings only, ISIN-verified. Not investment advice.