Loading fund overlap…
10 of 49 unique stocks in common · Jaccard: 20.4%
A weighted portfolio overlap of 43.88% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹43.88 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 15.21% in IB19-Groww Banking & Financial Services Fund and 18.28% in Nippon India Banking & Financial Services 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 IB19-Groww | in Nippon |
|---|---|---|
| HDFC BankBanks | 15.21% | 18.28% |
| ICICI BankBanks | 9.41% | 16.43% |
| State Bank of IndiaBanks | 4.23% | 6.20% |
| SBI Life Insurance CompanyInsurance | 3.67% | 3.67% |
| Kotak Mahindra BankBanks | 3.20% | 4.25% |
| Max Financial ServicesInsurance | 2.33% | 2.39% |
| Cholamandalam Financial HoldingsFinance | 2.76% | 2.23% |
| Bajaj FinservFinance | 2.06% | 1.96% |
| Multi Commodity Exchange of IndiaCapital Markets | 2.95% | 1.13% |
| Fedbank Financial ServicesFinance | 0.49% | 0.85% |
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.