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21 of 120 unique stocks in common · Jaccard: 17.5%
A weighted portfolio overlap of 33.47% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.47 is allocated to the exact same companies at the same relative proportions. The schemes share 21 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 5.94% in Nippon India Value 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% | 5.94% |
| ICICI BankBanks | 5.32% | 5.47% |
| Bharti AirtelTelecom - Services | 2.60% | 2.84% |
| Reliance IndustriesPetroleum Products | 4.72% | 2.57% |
| Larsen & ToubroConstruction | 2.29% | 3.24% |
| InfosysIT - Software | 2.13% | 3.21% |
| State Bank of IndiaBanks | 2.12% | 1.84% |
| Max Financial ServicesInsurance | 1.37% | 2.13% |
| Aditya Birla Fashion and RetailRetailing | 1.19% | 1.33% |
| Bharat ElectronicsAerospace & Defense | 1.04% | 1.33% |
| Fortis HealthcareHealthcare Services | 1.77% | 0.98% |
| NTPCPower | 0.87% | 3.35% |
| Tata SteelFerrous Metals | 0.83% | 1.32% |
| Coal IndiaConsumable Fuels | 0.83% | 1.21% |
| Hero MotoCorpAutomobiles | 0.78% | 0.74% |
| Mahindra & MahindraAutomobiles | 0.70% | 1.65% |
| Axis BankBanks | 1.81% | 0.64% |
| Maruti Suzuki IndiaAutomobiles | 2.52% | 0.51% |
| ITCDiversified FMCG | 0.51% | 1.01% |
| Balkrishna IndustriesAuto Components | 0.32% | 1.03% |
| Oil & Natural Gas CorporationOil | 0.26% | 3.27% |
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.