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13 of 110 unique stocks in common · Jaccard: 11.8%
A weighted portfolio overlap of 16.6% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.6 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is Schaeffler India, which commands a weight of 1.82% in IB29-Groww Multicap Fund and 1.92% in Kotak Midcap Fund. Holding both schemes increases your concentration in Schaeffler India 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 Kotak |
|---|---|---|
| Schaeffler IndiaAuto Components | 1.82% | 1.92% |
| L&T FinanceFinance | 1.81% | 2.27% |
| GE Vernova T&D IndiaElectrical Equipment | 1.68% | 4.22% |
| Apar IndustriesElectrical Equipment | 1.57% | 2.22% |
| Nippon Life India Asset ManagementCapital Markets | 1.54% | 1.62% |
| Coromandel InternationalFertilizers & Agrochemicals | 1.54% | 1.55% |
| Max Financial ServicesInsurance | 1.50% | 1.47% |
| SwiggyRetailing | 1.08% | 1.65% |
| ICICI Lombard General Insurance CompanyInsurance | 1.00% | 1.18% |
| Cholamandalam Investment and Finance CompanyFinance | 0.91% | 1.66% |
| Max Healthcare InstituteHealthcare Services | 0.89% | 0.80% |
| Prudent Corporate Advisory ServicesCapital Markets | 1.29% | 0.80% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.88% | 0.57% |
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.