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5 of 77 unique stocks in common · Jaccard: 6.5%
A weighted portfolio overlap of 14.99% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹14.99 is allocated to the exact same companies at the same relative proportions. The schemes share 5 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.41% in IB19-Groww Banking & Financial Services Fund and 7.96% in Kotak Business Cycle Fund. Holding both schemes increases your concentration in ICICI 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 IB19-Groww | in Kotak |
|---|---|---|
| ICICI BankBanks | 9.41% | 7.96% |
| HDFC BankBanks | 15.21% | 2.64% |
| SBI Life Insurance CompanyInsurance | 3.67% | 1.94% |
| SagilityIT - Services | 1.25% | 1.23% |
| Aptus Value Housing Finance IndiaFinance | 1.45% | 1.22% |
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.