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18 of 178 unique stocks in common · Jaccard: 10.1%
A weighted portfolio overlap of 16.75% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.75 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is Max Financial Services, which commands a weight of 2.41% in IB29-Groww Multicap Fund and 1.72% in Nippon India Multi Cap Fund. Holding both schemes increases your concentration in Max Financial Services 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 Nippon |
|---|---|---|
| Max Financial ServicesInsurance | 2.41% | 1.72% |
| Mahindra & MahindraAutomobiles | 2.36% | 1.56% |
| Larsen & ToubroConstruction | 1.53% | 1.79% |
| HDFC BankBanks | 1.50% | 6.64% |
| ICICI BankBanks | 1.36% | 3.12% |
| State Bank of IndiaBanks | 1.30% | 1.30% |
| FSN E-Commerce VenturesRetailing | 1.73% | 1.24% |
| Bajaj FinanceFinance | 1.02% | 1.71% |
| GE Vernova T&D IndiaElectrical Equipment | 1.02% | 1.72% |
| Multi Commodity Exchange Of IndiaCapital Markets | 2.39% | 0.96% |
| Page IndustriesTextiles & Apparels | 1.02% | 0.81% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 0.82% | 0.56% |
| LG Electronics IndiaConsumer Durables | 0.79% | 0.54% |
| Samvardhana Motherson InternationalAuto Components | 0.53% | 1.77% |
| JK CementCement & Cement Products | 0.37% | 0.41% |
| InfosysIT - Software | 0.36% | 3.43% |
| TrentRetailing | 0.20% | 0.86% |
| Cummins IndiaIndustrial Products | 1.25% | 0.17% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.