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25 of 147 unique stocks in common · Jaccard: 17%
A weighted portfolio overlap of 32.06% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.06 is allocated to the exact same companies at the same relative proportions. The schemes share 25 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 6.08% in Nippon India Multi 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% | 6.08% |
| ICICI BankBanks | 5.32% | 3.66% |
| Reliance IndustriesPetroleum Products | 4.72% | 2.79% |
| Larsen & ToubroConstruction | 2.29% | 2.24% |
| State Bank of IndiaBanks | 2.12% | 2.49% |
| Axis BankBanks | 1.81% | 3.17% |
| Max Financial ServicesInsurance | 1.37% | 2.32% |
| EternalRetailing | 2.21% | 1.33% |
| Aditya Birla Fashion and RetailRetailing | 1.19% | 1.49% |
| InfosysIT - Software | 2.13% | 1.02% |
| GE Vernova T&D IndiaElectrical Equipment | 0.97% | 2.46% |
| BoschAuto Components | 1.37% | 0.88% |
| NTPCPower | 0.87% | 2.20% |
| RECFinance | 0.88% | 0.83% |
| PVR INOXEntertainment | 0.79% | 1.47% |
| HCL TechnologiesIT - Software | 0.65% | 1.16% |
| Mahindra & MahindraAutomobiles | 0.70% | 0.57% |
| ITCDiversified FMCG | 0.51% | 1.92% |
| Container Corporation of IndiaTransport Services | 0.48% | 0.60% |
| Gillette IndiaPersonal Products | 2.29% | 0.42% |
| One 97 CommunicationsFinancial Technology (Fintech) | 2.12% | 0.36% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.34% | 0.76% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.33% | 0.60% |
| Tata SteelFerrous Metals | 0.83% | 0.24% |
| FSN E-Commerce VenturesRetailing | 1.86% | 0.22% |
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.