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8 of 89 unique stocks in common · Jaccard: 9%
A weighted portfolio overlap of 10.47% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹10.47 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 L&T Finance, which commands a weight of 3.52% in IB19-Groww Banking & Financial Services Fund and 2.27% in Kotak Midcap Fund. Holding both schemes increases your concentration in L&T Finance 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 |
|---|---|---|
| L&T FinanceFinance | 3.52% | 2.27% |
| Cholamandalam Investment and Finance CompanyFinance | 2.17% | 1.66% |
| Nippon Life India Asset ManagementCapital Markets | 2.27% | 1.62% |
| Max Financial ServicesInsurance | 2.33% | 1.47% |
| BSECapital Markets | 1.43% | 1.39% |
| India Shelter Finance CorporationFinance | 1.01% | 0.87% |
| Home First Finance Company IndiaFinance | 2.19% | 0.63% |
| Prudent Corporate Advisory ServicesCapital Markets | 0.56% | 0.80% |
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.