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9 of 89 unique stocks in common · Jaccard: 10.1%
A weighted portfolio overlap of 16.53% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.53 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Bajaj Finance, which commands a weight of 5.36% in IB40-Groww Nifty 500 Low Volatility 50 ETF and 4.06% in Kotak ESG Exclusionary Strategy Fund. Holding both schemes increases your concentration in Bajaj Finance 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 IB40-Groww | in Kotak |
|---|---|---|
| Bajaj FinanceFinance | 5.36% | 4.06% |
| State Bank of IndiaBanks | 5.59% | 3.52% |
| Hero MotoCorpAutomobiles | 2.74% | 2.29% |
| Britannia IndustriesFood Products | 3.93% | 1.55% |
| Godrej Consumer ProductsPersonal Products | 1.50% | 2.01% |
| Tech MahindraIT - Software | 3.12% | 1.41% |
| SRFChemicals & Petrochemicals | 1.13% | 1.21% |
| Maruti Suzuki IndiaAutomobiles | 6.04% | 0.89% |
| Metropolis HealthcareHealthcare Services | 0.18% | 2.03% |
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.