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17 of 103 unique stocks in common · Jaccard: 16.5%
A weighted portfolio overlap of 36% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹36 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 HDFC Bank, which commands a weight of 7.74% in IB11-Groww ELSS Tax Saver Fund and 6.58% in SBI Retirement Benefit Fund - Aggressive Plan. 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 SBI |
|---|---|---|
| HDFC BankBanks | 7.74% | 6.58% |
| ICICI BankBanks | 5.32% | 5.47% |
| Reliance IndustriesPetroleum Products | 4.72% | 5.42% |
| Maruti Suzuki IndiaAutomobiles | 2.52% | 3.55% |
| Larsen & ToubroConstruction | 2.29% | 4.28% |
| InfosysIT - Software | 2.13% | 2.76% |
| State Bank of IndiaBanks | 2.12% | 3.71% |
| Axis BankBanks | 1.81% | 2.85% |
| Bajaj FinanceFinance | 1.75% | 2.16% |
| Endurance TechnologiesAuto Components | 1.90% | 1.42% |
| Ultratech CementCement & Cement Products | 1.34% | 2.77% |
| FSN E-Commerce VenturesRetailing | 1.86% | 1.33% |
| TVS Motor CompanyAutomobiles | 1.17% | 1.76% |
| Schaeffler IndiaAuto Components | 0.48% | 2.04% |
| Asian PaintsConsumer Durables | 0.37% | 1.69% |
| Kajaria CeramicsConsumer Durables | 0.34% | 1.21% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.33% | 1.22% |
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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.