Loading fund overlap…
20 of 505 unique stocks in common · Jaccard: 4%
A weighted portfolio overlap of 9.35% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.35 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 4.99% in Back to Index and 4.31% in DSP Natural Resources & New Energy Fund. Holding both schemes increases your concentration in Reliance Industries 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 Back | in DSP |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.99% | 4.31% |
| Tata SteelFerrous Metals | 0.90% | 7.21% |
| Hindalco IndustriesNon - Ferrous Metals | 0.78% | 4.63% |
| Oil & Natural Gas CorporationOil | 0.60% | 5.52% |
| Coal IndiaConsumable Fuels | 0.56% | 3.35% |
| Bharat Petroleum CorporationPetroleum Products | 0.31% | 7.17% |
| Indian Oil CorporationPetroleum Products | 0.27% | 5.69% |
| GAIL (India)Gas | 0.23% | 2.22% |
| Jindal SteelFerrous Metals | 0.23% | 7.43% |
| Hindustan Petroleum CorporationPetroleum Products | 0.19% | 5.78% |
| National Aluminium CompanyNon - Ferrous Metals | 0.18% | 3.77% |
| NMDCMinerals & Mining | 0.16% | 1.68% |
| Oil IndiaOil | 0.14% | 3.74% |
| Hindustan ZincNon - Ferrous Metals | 0.13% | 4.81% |
| Petronet LNGGas | 0.11% | 3.82% |
| Welspun CorpIndustrial Products | 0.09% | 0.49% |
| Indraprastha GasGas | 0.06% | 0.62% |
| Godawari Power and IspatIndustrial Products | 0.04% | 0.80% |
| Jindal SawIndustrial Products | 0.03% | 0.53% |
| Mahanagar GasGas | 0.03% | 0.78% |
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.