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4 of 96 unique stocks in common · Jaccard: 4.2%
A weighted portfolio overlap of 3.38% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹3.38 is allocated to the exact same companies at the same relative proportions. The schemes share 4 common holdings.
The largest overlapping asset in their portfolios is PB Fintech, which commands a weight of 2.71% in IB19-Groww Banking & Financial Services Fund and 1.02% in ICICI Prudential Technology Fund. Holding both schemes increases your concentration in PB Fintech 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 |
|---|---|---|
| PB FintechFinancial Technology (Fintech) | 2.71% | 1.02% |
| Multi Commodity Exchange Of IndiaCapital Markets | 4.54% | 0.91% |
| Angel OneCapital Markets | 1.61% | 0.74% |
| Pine LabsFinancial Technology (Fintech) | 2.41% | 0.71% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.