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47 of 504 unique stocks in common · Jaccard: 9.3%
A weighted portfolio overlap of 44.76% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹44.76 is allocated to the exact same companies at the same relative proportions. The schemes share 47 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.09% in Back to Index and 5.13% in Kotak Dividend Yield Fund. Holding both schemes increases your concentration in HDFC Bank 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 Kotak |
|---|---|---|
| HDFC BankBanks | 6.09% | 5.13% |
| ICICI BankBanks | 4.66% | 5.07% |
| Reliance IndustriesPetroleum Products | 4.99% | 3.49% |
| Bharti AirtelTelecom - Services | 2.99% | 3.26% |
| Larsen & ToubroConstruction | 2.43% | 3.29% |
| State Bank of IndiaBanks | 2.29% | 3.02% |
| Axis BankBanks | 1.88% | 2.27% |
| InfosysIT - Software | 2.14% | 1.69% |
| Tata Consultancy ServicesIT - Software | 1.30% | 1.56% |
| Bajaj FinanceFinance | 1.29% | 1.31% |
| Mahindra & MahindraAutomobiles | 1.43% | 1.11% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.99% | 2.56% |
| NTPCPower | 0.98% | 3.15% |
| Titan CompanyConsumer Durables | 0.93% | 1.79% |
| Maruti Suzuki IndiaAutomobiles | 0.90% | 2.17% |
| Tata SteelFerrous Metals | 0.90% | 2.04% |
| Bharat ElectronicsAerospace & Defense | 0.80% | 1.79% |
| Hindalco IndustriesNon - Ferrous Metals | 0.78% | 1.46% |
| BSECapital Markets | 0.77% | 2.11% |
| Power Grid Corporation of IndiaPower | 0.74% | 1.91% |
| Ultratech CementCement & Cement Products | 0.71% | 2.11% |
| Shriram FinanceFinance | 0.68% | 1.70% |
| Oil & Natural Gas CorporationOil | 0.60% | 0.93% |
| Coal IndiaConsumable Fuels | 0.56% | 1.77% |
| Tech MahindraIT - Software | 0.48% | 1.36% |
| TVS Motor CompanyAutomobiles | 0.42% | 1.91% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.41% | 2.94% |
| Max Healthcare InstituteHealthcare Services | 0.38% | 2.52% |
| Britannia IndustriesFood Products | 0.35% | 1.76% |
| Cholamandalam Investment and Finance CompanyFinance | 0.35% | 1.68% |
| Hero MotoCorpAutomobiles | 0.34% | 0.83% |
| Power Finance CorporationFinance | 0.34% | 1.41% |
| IndusInd BankBanks | 0.31% | 1.94% |
| HDFC Asset Management CompanyCapital Markets | 0.29% | 2.12% |
| Indus TowersTelecom - Services | 0.27% | 2.61% |
| Persistent SystemsIT - Software | 0.27% | 1.37% |
| Bharat ForgeAuto Components | 0.26% | 1.67% |
| Bank of BarodaBanks | 0.25% | 2.09% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.24% | 1.04% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 0.23% | 0.97% |
| United SpiritsBeverages | 0.20% | 2.42% |
| Hindustan Petroleum CorporationPetroleum Products | 0.19% | 0.83% |
| Solar Industries IndiaChemicals & Petrochemicals | 0.19% | 2.92% |
| MRFAuto Components | 0.14% | 0.79% |
| Petronet LNGGas | 0.11% | 0.87% |
| Bank of MaharashtraBanks | 0.08% | 2.26% |
| Ajanta PharmaPharmaceuticals & Biotechnology | 0.06% | 1.21% |
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.