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45 of 514 unique stocks in common · Jaccard: 8.8%
A weighted portfolio overlap of 28.41% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.41 is allocated to the exact same companies at the same relative proportions. The schemes share 45 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.07% in IB29-Groww Multicap Fund and 6.03% in ICICI Prudential BSE 500 ETF. 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 IB29-Groww | in ICICI |
|---|---|---|
| HDFC BankBanks | 6.07% | 6.03% |
| ICICI BankBanks | 4.77% | 4.78% |
| Bharti AirtelTelecom - Services | 2.90% | 2.77% |
| Larsen & ToubroConstruction | 5.03% | 2.53% |
| State Bank of IndiaBanks | 1.78% | 2.13% |
| Bajaj FinanceFinance | 2.86% | 1.29% |
| Tata SteelFerrous Metals | 0.94% | 0.91% |
| Maruti Suzuki IndiaAutomobiles | 0.82% | 0.92% |
| Mahindra & MahindraAutomobiles | 0.76% | 1.44% |
| Ultratech CementCement & Cement Products | 0.90% | 0.72% |
| Eicher MotorsAutomobiles | 1.49% | 0.52% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.88% | 0.44% |
| Cummins IndiaIndustrial Products | 2.04% | 0.43% |
| Max Healthcare InstituteHealthcare Services | 0.89% | 0.38% |
| Cholamandalam Investment and Finance CompanyFinance | 0.91% | 0.35% |
| GE Vernova T&D IndiaElectrical Equipment | 1.68% | 0.33% |
| HDFC Asset Management CompanyCapital Markets | 1.01% | 0.29% |
| Polycab IndiaIndustrial Products | 1.52% | 0.27% |
| CoforgeIT - Software | 3.54% | 0.26% |
| Max Financial ServicesInsurance | 1.50% | 0.23% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.96% | 0.23% |
| ICICI Lombard General Insurance CompanyInsurance | 1.00% | 0.23% |
| SwiggyRetailing | 1.08% | 0.19% |
| APL Apollo TubesIndustrial Products | 0.77% | 0.18% |
| Tube Investments of IndiaAuto Components | 1.52% | 0.17% |
| Ambuja CementsCement & Cement Products | 0.60% | 0.15% |
| Navin Fluorine InternationalChemicals & Petrochemicals | 2.68% | 0.14% |
| L&T FinanceFinance | 1.81% | 0.13% |
| Apar IndustriesElectrical Equipment | 1.57% | 0.12% |
| Coromandel InternationalFertilizers & Agrochemicals | 1.54% | 0.11% |
| Nippon Life India Asset ManagementCapital Markets | 1.54% | 0.10% |
| Krishna Institute Of Medical SciencesHealthcare Services | 0.99% | 0.10% |
| Manappuram FinanceFinance | 1.21% | 0.10% |
| Schaeffler IndiaAuto Components | 1.82% | 0.09% |
| Cholamandalam Financial HoldingsFinance | 1.12% | 0.08% |
| Star Health And Allied Insurance CompanyInsurance | 0.71% | 0.06% |
| Data Patterns (India)Aerospace & Defense | 0.76% | 0.06% |
| Aptus Value Housing Finance IndiaFinance | 0.59% | 0.05% |
| SagilityIT - Services | 1.31% | 0.05% |
| Five Star Business FinanceFinance | 2.13% | 0.05% |
| Gillette IndiaPersonal Products | 0.84% | 0.03% |
| SobhaRealty | 0.99% | 0.03% |
| Emcure PharmaceuticalsPharmaceuticals & Biotechnology | 1.54% | 0.03% |
| Fine Organic IndustriesChemicals & Petrochemicals | 2.09% | 0.02% |
| Transformers And Rectifiers (India)Electrical Equipment | 0.45% | 0.02% |
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.