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7 of 119 unique stocks in common · Jaccard: 5.9%
A weighted portfolio overlap of 7.18% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹7.18 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Navin Fluorine International, which commands a weight of 2.68% in IB29-Groww Multicap Fund and 3.11% in SBI Smallcap Fund. Holding both schemes increases your concentration in Navin Fluorine International 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 |
|---|---|---|
| Navin Fluorine InternationalChemicals & Petrochemicals | 2.68% | 3.11% |
| Cholamandalam Financial HoldingsFinance | 1.12% | 1.66% |
| Krishna Institute Of Medical SciencesHealthcare Services | 0.99% | 2.50% |
| Fine Organic IndustriesChemicals & Petrochemicals | 2.09% | 0.82% |
| Star Health And Allied Insurance CompanyInsurance | 0.71% | 1.37% |
| Aptus Value Housing Finance IndiaFinance | 0.59% | 1.36% |
| Manappuram FinanceFinance | 1.21% | 0.28% |
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.