IB23-Groww Nifty EV & New Age Automotive ETF vs ICICI Prudential Nifty EV & New Age Automotive ETF
Groww vs ICICI· Portfolio Overlap Analysis
100.0%High Overlap
35 common stocksRank #6 / 5,000
Investor takeaway: These funds overlap 100.0%. 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 IB23-Groww Nifty EV & New Age | Wt% in ICICI Prudential Nifty EV & Ne | Overlap |
|---|---|---|---|
Mahindra & Mahindra Limited Automobiles | 7.60% | 7.59% | 7.59% |
Maruti Suzuki India Limited Automobiles | 7.26% | 7.25% | 7.25% |
KEI Industries Limited Industrial Products | 4.71% | 4.71% | 4.71% |
Samvardhana Motherson International Ltd Auto Components | 4.53% | 4.53% | 4.53% |
Sona BLW Precision Forgings Limited Auto Components | 4.49% | 4.49% | 4.49% |
CG Power And Industrial Solutions Ltd Electrical Equipment | 4.48% | 4.48% | 4.48% |
Bajaj Auto Limited Automobiles | 4.33% | 4.32% | 4.32% |
Eicher Motors Limited Automobiles | 4.31% | 4.31% | 4.31% |
Bosch Limited Auto Components | 4.11% | 4.11% | 4.11% |
UNO Minda Limited Auto Components | 3.79% | 3.79% | 3.79% |
Schaeffler India Ltd Auto Components | 3.68% | 3.67% | 3.67% |
Reliance Industries Limited Petroleum Products | 3.62% | 3.62% | 3.62% |
TVS Motor Company Limited Automobiles | 3.55% | 3.55% | 3.55% |
Tata Elxsi Limited IT - Software | 3.26% | 3.25% | 3.25% |
Exide Industries Limited Auto Components | 3.19% | 3.19% | 3.19% |
Tata Motors Passenger Vehicles Limited Automobiles | 3.12% | 3.13% | 3.12% |
Gujarat Fluorochemicals Limited Chemicals & Petrochemicals | 3.08% | 3.08% | 3.08% |
Hero MotoCorp Limited Automobiles | 2.90% | 2.90% | 2.90% |
KPIT Technologies Limited IT - Software | 2.58% | 2.58% | 2.58% |
Himadri Speciality Chemical Limited Chemicals & Petrochemicals | 2.38% | 2.38% | 2.38% |
Ashok Leyland Limited Agricultural, Commercial & Construction Vehicles | 2.36% | 2.36% | 2.36% |
Tata Chemicals Limited Chemicals & Petrochemicals | 2.35% | 2.35% | 2.35% |
Motherson Sumi Wiring India Limited Auto Components | 2.30% | 2.30% | 2.30% |
Amara Raja Batteries Ltd Auto Components | 2.17% | 2.17% | 2.17% |
Tata Technologies Limited IT - Services | 2.11% | 2.10% | 2.10% |
L&T Technology Services Ltd IT - Services | 2.03% | 2.03% | 2.03% |
Bharat Forge Limited Auto Components | 1.99% | 1.99% | 1.99% |
Hyundai Motor India Limited Automobiles | 1.21% | 1.21% | 1.21% |
TUBE INVESTMENTS OF INDIA LTD Auto Components | 1.15% | 1.15% | 1.15% |
FORCE MOTORS LTD. Automobiles | 0.46% | 0.46% | 0.46% |
Ather Energy Limited Automobiles | 0.40% | 0.40% | 0.40% |
Ola Electric Mobility Limited Automobiles | 0.17% | 0.17% | 0.17% |
Olectra Greentech Limited Automobiles | 0.16% | 0.16% | 0.16% |
JUPITER WAGONS LIMITED Industrial Manufacturing | 0.14% | 0.14% | 0.14% |
JBM AUTO LTD Auto Components | 0.09% | 0.09% | 0.09% |
Unique to IB23-Groww Nifty EV & New Age
All top holdings are shared with the other fund.
Unique to ICICI Prudential Nifty EV & Ne
All top holdings are shared with the other fund.
Sector Overlap Breakdown
Automobiles35.4% (12)
Auto Components31.5% (11)
Chemicals & Petrochemicals7.8% (3)
IT - Software5.8% (2)
Industrial Products4.7% (1)
Electrical Equipment4.5% (1)
IT - Services4.1% (2)
Petroleum Products3.6% (1)
Agricultural, Commercial & Construction Vehicles2.4% (1)
Industrial Manufacturing0.1% (1)
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Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.