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10 of 79 unique stocks in common · Jaccard: 12.7%
A weighted portfolio overlap of 26.7% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.7 is allocated to the exact same companies at the same relative proportions. The schemes share 10 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 12.80% in SBI BSE Sensex 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 SBI |
|---|---|---|
| HDFC BankBanks | 6.07% | 12.80% |
| Larsen & ToubroConstruction | 5.03% | 5.38% |
| ICICI BankBanks | 4.77% | 10.14% |
| Bharti AirtelTelecom - Services | 2.90% | 5.89% |
| Bajaj FinanceFinance | 2.86% | 2.73% |
| State Bank of IndiaBanks | 1.78% | 4.52% |
| Tata SteelFerrous Metals | 0.94% | 1.94% |
| Ultratech CementCement & Cement Products | 0.90% | 1.52% |
| Maruti Suzuki IndiaAutomobiles | 0.82% | 1.95% |
| Mahindra & MahindraAutomobiles | 0.76% | 3.07% |
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.