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45 of 508 unique stocks in common · Jaccard: 8.9%
A weighted portfolio overlap of 20.85% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.85 is allocated to the exact same companies at the same relative proportions. The schemes share 45 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 2.29% in Back to Index and 8.15% in Nippon India ETF Nifty Dividend Opportunities 50. Holding both schemes increases your concentration in State Bank of India 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 Nippon |
|---|---|---|
| State Bank of IndiaBanks | 2.29% | 8.15% |
| InfosysIT - Software | 2.14% | 9.02% |
| ITCDiversified FMCG | 1.57% | 9.74% |
| Tata Consultancy ServicesIT - Software | 1.30% | 9.36% |
| Hindustan UnileverDiversified FMCG | 1.03% | 5.12% |
| NTPCPower | 0.98% | 4.43% |
| Tata SteelFerrous Metals | 0.90% | 3.49% |
| Bharat ElectronicsAerospace & Defense | 0.80% | 2.15% |
| BSECapital Markets | 0.77% | 0.97% |
| Power Grid Corporation of IndiaPower | 0.74% | 3.53% |
| HCL TechnologiesIT - Software | 0.65% | 3.72% |
| Oil & Natural Gas CorporationOil | 0.60% | 2.83% |
| Bajaj AutoAutomobiles | 0.57% | 2.59% |
| Coal IndiaConsumable Fuels | 0.56% | 2.66% |
| Tech MahindraIT - Software | 0.48% | 2.06% |
| Cummins IndiaIndustrial Products | 0.37% | 1.14% |
| Britannia IndustriesFood Products | 0.35% | 1.45% |
| Hero MotoCorpAutomobiles | 0.34% | 1.52% |
| Power Finance CorporationFinance | 0.34% | 1.65% |
| Bharat Petroleum CorporationPetroleum Products | 0.31% | 1.49% |
| HDFC Asset Management CompanyCapital Markets | 0.29% | 1.00% |
| Indian Oil CorporationPetroleum Products | 0.27% | 1.59% |
| Bank of BarodaBanks | 0.25% | 1.35% |
| VedantaDiversified Metals | 0.24% | 1.37% |
| GAIL (India)Gas | 0.23% | 1.45% |
| RECFinance | 0.23% | 1.61% |
| National Aluminium CompanyNon - Ferrous Metals | 0.18% | 0.43% |
| Union Bank of IndiaBanks | 0.17% | 0.76% |
| Indian BankBanks | 0.16% | 0.49% |
| MphasisIT - Software | 0.16% | 0.49% |
| NMDCMinerals & Mining | 0.16% | 0.75% |
| Colgate Palmolive (India)Personal Products | 0.14% | 0.97% |
| NHPCPower | 0.14% | 0.77% |
| Oil IndiaOil | 0.14% | 0.57% |
| Steel Authority of IndiaFerrous Metals | 0.14% | 0.61% |
| Oracle Financial Services SoftwareIT - Software | 0.12% | 0.46% |
| Indian Railway Finance CorporationFinance | 0.11% | 0.74% |
| Mahindra & Mahindra Financial ServicesFinance | 0.11% | 0.40% |
| Petronet LNGGas | 0.11% | 0.60% |
| Bank of IndiaBanks | 0.09% | 0.49% |
| LIC Housing FinanceFinance | 0.09% | 0.52% |
| Manappuram FinanceFinance | 0.08% | 0.28% |
| Indraprastha GasGas | 0.06% | 0.42% |
| Castrol IndiaPetroleum Products | 0.05% | 0.26% |
| CyientIT - Services | 0.04% | 0.39% |
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 Apr 2026). Equity holdings only, ISIN-verified. Not investment advice.