Axis Nifty 100 Index Fund vs IB11-Groww ELSS Tax Saver Fund
Axis vs Groww· Portfolio Overlap Analysis
61.8%High Overlap
35 common stocksRank #4810 / 5,000
Investor takeaway: These funds overlap 61.8%. Holding both gives you almost no extra diversification. You are effectively paying two expense ratios for the same portfolio core.
Common Holdings (35)
| Stock | Wt% in Axis Nifty 100 Index | Wt% in IB11-Groww ELSS Tax Saver | Overlap |
|---|---|---|---|
HDFC Bank Limited Banks | 9.85% | 8.05% | 8.05% |
ICICI Bank Limited Banks | 7.14% | 5.75% | 5.75% |
Reliance Industries Limited Petroleum Products | 6.82% | 5.46% | 5.46% |
State Bank of India Banks | 3.62% | 3.53% | 3.53% |
Larsen & Toubro Limited Construction | 3.64% | 3.35% | 3.35% |
Bharti Airtel Limited Telecom - Services | 3.80% | 3.23% | 3.23% |
Axis Bank Limited Banks | 2.87% | 2.60% | 2.60% |
Infosys Limited IT - Software | 3.30% | 2.49% | 2.49% |
Kotak Mahindra Bank Limited Banks | 2.21% | 2.23% | 2.21% |
Mahindra & Mahindra Limited Automobiles | 2.20% | 2.35% | 2.20% |
Bajaj Finance Limited Finance | 1.92% | 1.67% | 1.67% |
ITC Limited Diversified FMCG | 2.19% | 1.54% | 1.54% |
Maruti Suzuki India Limited Automobiles | 1.41% | 1.77% | 1.41% |
Hindustan Unilever Limited Diversified FMCG | 1.50% | 1.29% | 1.29% |
Titan Company Limited Consumer Durables | 1.29% | 1.27% | 1.27% |
Tata Steel Limited Ferrous Metals | 1.27% | 1.56% | 1.27% |
Eternal Limited Retailing | 1.28% | 1.15% | 1.15% |
Shriram Finance Limited Finance | 1.10% | 1.36% | 1.10% |
Tata Consultancy Services Limited IT - Software | 1.95% | 1.08% | 1.08% |
Sun Pharmaceutical Industries Limited Pharmaceuticals & Biotechnology | 1.33% | 1.04% | 1.04% |
UltraTech Cement Limited Cement & Cement Products | 1.09% | 1.00% | 1.00% |
Hindalco Industries Limited Non - Ferrous Metals | 0.97% | 1.66% | 0.97% |
Vedanta Limited Diversified Metals | 0.88% | 1.33% | 0.88% |
JSW Steel Limited Ferrous Metals | 0.86% | 1.09% | 0.86% |
Eicher Motors Limited Automobiles | 0.80% | 1.00% | 0.80% |
InterGlobe Aviation Limited Transport Services | 0.79% | 1.50% | 0.79% |
Grasim Industries Limited Cement & Cement Products | 0.77% | 1.14% | 0.77% |
NTPC Limited Power | 1.31% | 0.70% | 0.70% |
TVS Motor Company Limited Automobiles | 0.66% | 1.36% | 0.66% |
Max Healthcare Institute Limited Healthcare Services | 0.59% | 0.68% | 0.59% |
Tata Motors Passenger Vehicles Limited Automobiles | 0.58% | 0.63% | 0.58% |
HCL Technologies Limited IT - Software | 1.06% | 0.50% | 0.50% |
The Indian Hotels Company Limited Leisure Services | 0.42% | 1.06% | 0.42% |
ICICI Lombard General Insurance Company Limited Insurance | 0.33% | 1.03% | 0.33% |
Info Edge (India) Limited Retailing | 0.29% | 0.86% | 0.29% |
Unique to Axis Nifty 100 Index
All top holdings are shared with the other fund.
Unique to IB11-Groww ELSS Tax Saver
All top holdings are shared with the other fund.
Sector Overlap Breakdown
Banks22.1% (5)
Automobiles5.7% (5)
Petroleum Products5.5% (1)
IT - Software4.1% (3)
Construction3.4% (1)
Telecom - Services3.2% (1)
Diversified FMCG2.8% (2)
Finance2.8% (2)
Ferrous Metals2.1% (2)
Cement & Cement Products1.8% (2)
Retailing1.4% (2)
Consumer Durables1.3% (1)
Pharmaceuticals & Biotechnology1.0% (1)
Non - Ferrous Metals1.0% (1)
Diversified Metals0.9% (1)
Transport Services0.8% (1)
Power0.7% (1)
Healthcare Services0.6% (1)
Leisure Services0.4% (1)
Insurance0.3% (1)
More comparisons for Axis Nifty 100 Index
- vs HDFC NIFTY 100 ETF99.9% · 100 stocks
- vs ICICI Prudential Nifty 100 ETF99.9% · 100 stocks
- vs Nippon India ETF Nifty 10099.9% · 100 stocks
- vs HDFC NIFTY 100 Index99.8% · 100 stocks
- vs Motilal Oswal Nifty 100 ETF99.8% · 100 stocks
More comparisons for IB11-Groww ELSS Tax Saver
- vs SBI BSE 100 ETF64.0% · 42 stocks
- vs IB33-GROWW NIFTY 200 ETF61.9% · 54 stocks
- vs Parag Parikh Large Cap61.9% · 35 stocks
- vs HDFC NIFTY 100 ETF61.8% · 35 stocks
- vs ICICI Prudential Nifty 100 ETF61.8% · 35 stocks
Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.