Loading fund overlap…
7 of 72 unique stocks in common · Jaccard: 9.7%
A weighted portfolio overlap of 19.77% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.77 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 TVS Motor Company, which commands a weight of 3.51% in IB47-Groww Nifty Next 50 ETF and 5.21% in ICICI Prudential Focused Equity Fund. Holding both schemes increases your concentration in TVS Motor Company 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 IB47-Groww | in ICICI |
|---|---|---|
| TVS Motor CompanyAutomobiles | 3.51% | 5.21% |
| Hindustan AeronauticsAerospace & Defense | 3.78% | 3.30% |
| Cholamandalam Investment and Finance CompanyFinance | 3.05% | 3.14% |
| Britannia IndustriesFood Products | 2.94% | 4.26% |
| The Indian Hotels CompanyLeisure Services | 2.78% | 2.81% |
| Info Edge (India)Retailing | 2.28% | 2.52% |
| Godrej Consumer ProductsPersonal Products | 1.92% | 3.50% |
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.