Loading fund overlap…
8 of 40 unique stocks in common · Jaccard: 20%
A weighted portfolio overlap of 16.78% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.78 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is NTPC, which commands a weight of 21.06% in IB45-Groww BSE Power ETF and 4.89% in SBI Energy Opportunities Fund. Holding both schemes increases your concentration in NTPC 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 IB45-Groww | in SBI |
|---|---|---|
| NTPCPower | 21.06% | 4.89% |
| JSW EnergyPower | 3.75% | 4.06% |
| Torrent PowerPower | 3.32% | 3.64% |
| ThermaxElectrical Equipment | 1.63% | 5.50% |
| Power Grid Corporation of IndiaPower | 17.28% | 0.98% |
| NHPCPower | 3.47% | 0.97% |
| SiemensElectrical Equipment | 3.62% | 0.73% |
| Adani PowerPower | 8.02% | 0.51% |
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.