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21 of 510 unique stocks in common · Jaccard: 4.1%
A weighted portfolio overlap of 25.84% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.84 is allocated to the exact same companies at the same relative proportions. The schemes share 21 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.09% in Back to Index and 9.41% in Nippon India Focused Equity 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 Nippon |
|---|---|---|
| HDFC BankBanks | 6.09% | 9.41% |
| ICICI BankBanks | 4.66% | 8.03% |
| Reliance IndustriesPetroleum Products | 4.99% | 4.62% |
| State Bank of IndiaBanks | 2.29% | 2.60% |
| InfosysIT - Software | 2.14% | 5.11% |
| Axis BankBanks | 1.88% | 7.36% |
| ITCDiversified FMCG | 1.57% | 5.84% |
| Coal IndiaConsumable Fuels | 0.56% | 2.23% |
| Tech MahindraIT - Software | 0.48% | 2.06% |
| Hero MotoCorpAutomobiles | 0.34% | 3.50% |
| HDFC Life Insurance CompanyInsurance | 0.33% | 2.24% |
| Bharat ForgeAuto Components | 0.26% | 2.88% |
| FSN E-Commerce VenturesRetailing | 0.19% | 3.28% |
| SBI Cards and Payment ServicesFinance | 0.10% | 3.59% |
| Cholamandalam Financial HoldingsFinance | 0.08% | 2.00% |
| 3M IndiaDiversified | 0.05% | 3.61% |
| Affle 3iIT - Services | 0.05% | 3.12% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.04% | 4.71% |
| PVR INOXEntertainment | 0.04% | 1.59% |
| Whirlpool of IndiaConsumer Durables | 0.04% | 1.69% |
| Devyani InternationalLeisure Services | 0.03% | 1.70% |
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.