IB23-Groww Nifty EV & New Age Automotive ETF vs Nippon India Nifty Auto ETF
Groww vs Nippon· Portfolio Overlap Analysis
50.4%High Overlap
15 common stocksRank #9592 / 20,000
Investor takeaway: At 50.4% overlap, a significant part of these portfolios is identical. Despite coming from different AMCs, the stock picks still converge heavily. Make sure both funds actually serve different jobs in your allocation.
Common Holdings (15)
| Stock | Wt% in IB23-Groww Nifty EV & New Age | Wt% in Nippon India Nifty Auto ETF | Overlap |
|---|---|---|---|
Mahindra & Mahindra Limited Automobiles | 7.60% | 24.12% | 7.60% |
Maruti Suzuki India Limited Automobiles | 7.26% | 15.50% | 7.26% |
Samvardhana Motherson International Ltd Auto Components | 4.53% | 4.71% | 4.53% |
Bajaj Auto Limited Automobiles | 4.33% | 8.79% | 4.33% |
Eicher Motors Limited Automobiles | 4.31% | 8.77% | 4.31% |
TVS Motor Company Limited Automobiles | 3.55% | 7.22% | 3.55% |
Tata Motors Passenger Vehicles Limited Automobiles | 3.12% | 6.36% | 3.12% |
Hero MotoCorp Limited Automobiles | 2.90% | 5.89% | 2.90% |
Bosch Limited Auto Components | 4.11% | 2.51% | 2.51% |
Ashok Leyland Limited Agricultural, Commercial & Construction Vehicles | 2.36% | 4.80% | 2.36% |
Bharat Forge Limited Auto Components | 1.99% | 4.05% | 1.99% |
Sona BLW Precision Forgings Limited Auto Components | 4.49% | 1.90% | 1.90% |
UNO Minda Limited Auto Components | 3.79% | 1.71% | 1.71% |
Exide Industries Limited Auto Components | 3.19% | 1.21% | 1.21% |
TUBE INVESTMENTS OF INDIA LTD Auto Components | 1.15% | 2.34% | 1.15% |
Unique to IB23-Groww Nifty EV & New Age
- KEI Industries Limited4.71%
- CG Power And Industrial Solutions Ltd4.48%
Unique to Nippon India Nifty Auto ETF
All top holdings are shared with the other fund.
Sector Overlap Breakdown
Automobiles33.1% (7)
Auto Components15.0% (7)
Agricultural, Commercial & Construction Vehicles2.4% (1)
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Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.