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11 of 144 unique stocks in common · Jaccard: 7.6%
A weighted portfolio overlap of 18.11% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.11 is allocated to the exact same companies at the same relative proportions. The schemes share 11 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 5.74% in ICICI Prudential Retirement Fund - Pure Equity Plan. 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% | 5.74% |
| ICICI BankBanks | 4.77% | 2.38% |
| Larsen & ToubroConstruction | 5.03% | 2.06% |
| Bharti AirtelTelecom - Services | 2.90% | 1.86% |
| Apar IndustriesElectrical Equipment | 1.57% | 1.86% |
| SobhaRealty | 0.99% | 1.49% |
| Ultratech CementCement & Cement Products | 0.90% | 1.90% |
| Mahindra & MahindraAutomobiles | 0.76% | 2.27% |
| Nippon Life India Asset ManagementCapital Markets | 1.54% | 0.70% |
| Ambuja CementsCement & Cement Products | 0.60% | 1.16% |
| Cummins IndiaIndustrial Products | 2.04% | 0.53% |
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.