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16 of 124 unique stocks in common · Jaccard: 12.9%
A weighted portfolio overlap of 26.4% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.4 is allocated to the exact same companies at the same relative proportions. The schemes share 16 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 8.46% in ICICI Prudential Large Cap 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 IB29-Groww | in ICICI |
|---|---|---|
| HDFC BankBanks | 6.07% | 8.46% |
| Larsen & ToubroConstruction | 5.03% | 5.38% |
| ICICI BankBanks | 4.77% | 8.72% |
| Bharti AirtelTelecom - Services | 2.90% | 4.34% |
| State Bank of IndiaBanks | 1.78% | 1.02% |
| Cummins IndiaIndustrial Products | 2.04% | 0.91% |
| Ultratech CementCement & Cement Products | 0.90% | 2.69% |
| Maruti Suzuki IndiaAutomobiles | 0.82% | 3.55% |
| Mahindra & MahindraAutomobiles | 0.76% | 2.34% |
| HDFC Asset Management CompanyCapital Markets | 1.01% | 0.69% |
| Eicher MotorsAutomobiles | 1.49% | 0.62% |
| Max Healthcare InstituteHealthcare Services | 0.89% | 0.59% |
| Tata SteelFerrous Metals | 0.94% | 0.43% |
| SwiggyRetailing | 1.08% | 0.42% |
| ICICI Lombard General Insurance CompanyInsurance | 1.00% | 0.40% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.88% | 0.08% |
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.