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16 of 117 unique stocks in common · Jaccard: 13.7%
A weighted portfolio overlap of 25.53% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.53 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 5.32% in IB11-Groww ELSS Tax Saver Fund and 4.33% in Tata India Innovation Fund. Holding both schemes increases your concentration in ICICI 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 Tata |
|---|---|---|
| ICICI BankBanks | 5.32% | 4.33% |
| Reliance IndustriesPetroleum Products | 4.72% | 3.50% |
| Bharti AirtelTelecom - Services | 2.60% | 3.10% |
| HDFC BankBanks | 7.74% | 2.29% |
| EternalRetailing | 2.21% | 2.71% |
| Axis BankBanks | 1.81% | 3.21% |
| Maruti Suzuki IndiaAutomobiles | 2.52% | 1.56% |
| InfosysIT - Software | 2.13% | 1.47% |
| Craftsman AutomationAuto Components | 1.52% | 0.92% |
| Hero MotoCorpAutomobiles | 0.78% | 2.30% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.74% | 3.01% |
| Aster DM HealthcareHealthcare Services | 0.94% | 0.71% |
| State Bank of IndiaBanks | 2.12% | 0.70% |
| Mahindra & MahindraAutomobiles | 0.70% | 2.31% |
| Vishal Mega MartRetailing | 0.62% | 2.43% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.60% | 2.07% |
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.