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27 of 727 unique stocks in common · Jaccard: 3.7%
A weighted portfolio overlap of 27.16% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.16 is allocated to the exact same companies at the same relative proportions. The schemes share 27 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 9.41% in Nippon India Focused Equity 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 Nippon |
|---|---|---|
| HDFC BankBanks | 7.27% | 9.41% |
| ICICI BankBanks | 4.63% | 8.03% |
| Reliance IndustriesPetroleum Products | 4.85% | 4.62% |
| InfosysIT - Software | 2.57% | 5.11% |
| ITCDiversified FMCG | 1.95% | 5.84% |
| State Bank of IndiaBanks | 1.87% | 2.60% |
| Axis BankBanks | 1.70% | 7.36% |
| Tech MahindraIT - Software | 0.44% | 2.06% |
| Coal IndiaConsumable Fuels | 0.43% | 2.23% |
| HDFC Life Insurance CompanyInsurance | 0.38% | 2.24% |
| Hero MotoCorpAutomobiles | 0.35% | 3.50% |
| Bharat ForgeAuto Components | 0.17% | 2.88% |
| FSN E-Commerce VenturesRetailing | 0.16% | 3.28% |
| SBI Cards and Payment ServicesFinance | 0.13% | 3.59% |
| Cholamandalam Financial HoldingsFinance | 0.09% | 2.00% |
| Angel OneCapital Markets | 0.08% | 1.19% |
| Affle 3iIT - Services | 0.06% | 3.12% |
| Whirlpool of IndiaConsumer Durables | 0.04% | 1.69% |
| PVR INOXEntertainment | 0.04% | 1.59% |
| 3M IndiaDiversified | 0.04% | 3.61% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.04% | 4.71% |
| Devyani InternationalLeisure Services | 0.03% | 1.70% |
| Medplus Health ServicesRetailing | 0.03% | 1.85% |
| Restaurant Brands AsiaLeisure Services | 0.02% | 1.97% |
| Sterling And Wilson Renewable EnergyConstruction | 0.01% | 1.29% |
| Thomas Cook (India)Leisure Services | 0.01% | 2.46% |
| Varroc EngineeringAuto Components | 0.01% | 2.67% |
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.