Loading fund overlap…
46 of 733 unique stocks in common · Jaccard: 6.3%
A weighted portfolio overlap of 35.41% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.41 is allocated to the exact same companies at the same relative proportions. The schemes share 46 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 7.27% in IB18-Groww Nifty Total Market Index Fund and 7.42% in Kotak ELSS Tax Saver 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 IB18-Groww | in Kotak |
|---|---|---|
| HDFC BankBanks | 7.27% | 7.42% |
| ICICI BankBanks | 4.63% | 4.80% |
| Bharti AirtelTelecom - Services | 2.70% | 3.69% |
| Larsen & ToubroConstruction | 2.28% | 2.71% |
| State Bank of IndiaBanks | 1.87% | 5.05% |
| Reliance IndustriesPetroleum Products | 4.85% | 1.80% |
| Axis BankBanks | 1.70% | 2.14% |
| Mahindra & MahindraAutomobiles | 1.49% | 1.77% |
| Bajaj FinanceFinance | 1.34% | 2.38% |
| EternalRetailing | 1.07% | 2.50% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.86% | 2.24% |
| NTPCPower | 0.77% | 3.34% |
| Ultratech CementCement & Cement Products | 0.68% | 1.81% |
| Power Grid Corporation of IndiaPower | 0.63% | 1.50% |
| InterGlobe AviationTransport Services | 0.59% | 1.65% |
| Tech MahindraIT - Software | 0.44% | 2.96% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.41% | 1.64% |
| TVS Motor CompanyAutomobiles | 0.40% | 0.98% |
| Hero MotoCorpAutomobiles | 0.35% | 2.44% |
| Bharat Petroleum CorporationPetroleum Products | 0.33% | 1.98% |
| Britannia IndustriesFood Products | 0.33% | 2.46% |
| Dixon Technologies (India)Consumer Durables | 0.31% | 1.72% |
| IndusInd BankBanks | 0.25% | 1.37% |
| Bank of BarodaBanks | 0.25% | 1.69% |
| Indus TowersTelecom - Services | 0.23% | 1.03% |
| LupinPharmaceuticals & Biotechnology | 0.23% | 0.57% |
| Hindustan Petroleum CorporationPetroleum Products | 0.22% | 2.45% |
| SRFChemicals & Petrochemicals | 0.20% | 0.90% |
| United SpiritsBeverages | 0.20% | 0.95% |
| Jindal SteelFerrous Metals | 0.19% | 2.01% |
| SwiggyRetailing | 0.17% | 0.23% |
| Solar Industries IndiaChemicals & Petrochemicals | 0.16% | 1.82% |
| BoschAuto Components | 0.16% | 2.13% |
| VoltasConsumer Durables | 0.15% | 1.03% |
| MphasisIT - Software | 0.15% | 1.70% |
| ABB IndiaElectrical Equipment | 0.13% | 1.02% |
| Kalpataru Projects InternationalConstruction | 0.07% | 1.90% |
| Poonawalla FincorpFinance | 0.07% | 0.70% |
| Piramal FinanceFinance | 0.07% | 1.52% |
| Linde IndiaChemicals & Petrochemicals | 0.06% | 2.39% |
| CRISILFinance | 0.06% | 1.05% |
| Aptus Value Housing Finance IndiaFinance | 0.04% | 0.92% |
| Data Patterns (India)Aerospace & Defense | 0.04% | 1.68% |
| Engineers IndiaConstruction | 0.03% | 1.23% |
| Sun TV NetworkEntertainment | 0.03% | 0.50% |
| Garware Technical FibresTextiles & Apparels | 0.02% | 0.39% |
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.