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19 of 227 unique stocks in common · Jaccard: 8.4%
A weighted portfolio overlap of 23.54% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.54 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 8.71% in Ib33-Groww Nifty 200 ETF and 13.32% in ICICI Prudential Banking & Financial Services Fund. 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 Ib33-Groww | in ICICI |
|---|---|---|
| HDFC BankBanks | 8.71% | 13.32% |
| ICICI BankBanks | 5.54% | 12.95% |
| State Bank of IndiaBanks | 2.25% | 5.88% |
| Axis BankBanks | 2.04% | 8.76% |
| Bajaj FinanceFinance | 1.60% | 1.29% |
| Bajaj FinservFinance | 0.69% | 1.91% |
| SBI Life Insurance CompanyInsurance | 0.51% | 3.78% |
| HDFC Life Insurance CompanyInsurance | 0.45% | 2.32% |
| Cholamandalam Investment and Finance CompanyFinance | 0.41% | 1.26% |
| Bajaj Holdings & InvestmentFinance | 0.31% | 0.62% |
| ICICI Lombard General Insurance CompanyInsurance | 0.28% | 3.00% |
| Max Financial ServicesInsurance | 0.23% | 1.32% |
| Union Bank of IndiaBanks | 0.17% | 0.68% |
| SBI Cards and Payment ServicesFinance | 0.15% | 3.37% |
| 360 One WamCapital Markets | 0.14% | 0.50% |
| Life Insurance Corporation of IndiaInsurance | 0.11% | 0.31% |
| LIC Housing FinanceFinance | 0.10% | 3.41% |
| Bank of IndiaBanks | 0.10% | 0.46% |
| Bajaj Housing FinanceFinance | 0.06% | 0.42% |
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.