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8 of 184 unique stocks in common · Jaccard: 4.3%
A weighted portfolio overlap of 5.6% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹5.6 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 BSE, which commands a weight of 1.43% in IB19-Groww Banking & Financial Services Fund and 3.62% in ICICI Prudential Multicap Fund. Holding both schemes increases your concentration in BSE 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 IB19-Groww | in ICICI |
|---|---|---|
| BSECapital Markets | 1.43% | 3.62% |
| Manappuram FinanceFinance | 2.28% | 1.28% |
| Bajaj FinanceFinance | 7.79% | 0.93% |
| Nippon Life India Asset ManagementCapital Markets | 2.27% | 0.84% |
| Bajaj FinservFinance | 2.06% | 0.52% |
| CSB BankBanks | 2.03% | 0.34% |
| Cholamandalam Investment and Finance CompanyFinance | 2.17% | 0.22% |
| Indian Energy ExchangeCapital Markets | 2.69% | 0.04% |
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.