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8 of 105 unique stocks in common · Jaccard: 7.6%
A weighted portfolio overlap of 21.81% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.81 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 7.02% in IB13-Groww Value Fund and 6.88% in ICICI Prudential Children’s 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 IB13-Groww | in ICICI |
|---|---|---|
| HDFC BankBanks | 7.02% | 6.88% |
| Reliance IndustriesPetroleum Products | 4.21% | 8.45% |
| State Bank of IndiaBanks | 4.48% | 3.43% |
| Bajaj Holdings & InvestmentFinance | 3.85% | 3.13% |
| Axis BankBanks | 2.89% | 2.28% |
| Tata Consultancy ServicesIT - Software | 0.98% | 1.60% |
| AtulChemicals & Petrochemicals | 0.46% | 4.38% |
| Astrazeneca Pharma IndiaPharmaceuticals & Biotechnology | 0.51% | 0.43% |
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.