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65 of 516 unique stocks in common · Jaccard: 12.6%
A weighted portfolio overlap of 30.22% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.22 is allocated to the exact same companies at the same relative proportions. The schemes share 65 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 4.99% in Back to Index and 2.78% in Tata Multicap 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 Tata |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.99% | 2.78% |
| Bharti AirtelTelecom - Services | 2.99% | 2.20% |
| HDFC BankBanks | 6.09% | 2.13% |
| State Bank of IndiaBanks | 2.29% | 2.00% |
| Axis BankBanks | 1.88% | 2.32% |
| ICICI BankBanks | 4.66% | 1.57% |
| Kotak Mahindra BankBanks | 1.46% | 1.44% |
| Mahindra & MahindraAutomobiles | 1.43% | 1.79% |
| InfosysIT - Software | 2.14% | 1.42% |
| NTPCPower | 0.98% | 2.71% |
| EternalRetailing | 0.92% | 1.21% |
| Maruti Suzuki IndiaAutomobiles | 0.90% | 0.99% |
| Ultratech CementCement & Cement Products | 0.71% | 0.97% |
| Shriram FinanceFinance | 0.68% | 1.14% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.63% | 2.71% |
| Tata SteelFerrous Metals | 0.90% | 0.47% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.41% | 2.70% |
| Cummins IndiaIndustrial Products | 0.37% | 1.15% |
| The Federal BankBanks | 0.36% | 1.56% |
| Varun BeveragesBeverages | 0.36% | 0.86% |
| Adani PowerPower | 0.47% | 0.35% |
| Power Finance CorporationFinance | 0.34% | 2.14% |
| Samvardhana Motherson InternationalAuto Components | 0.28% | 1.18% |
| Indus TowersTelecom - Services | 0.27% | 1.33% |
| Bank of BarodaBanks | 0.25% | 1.20% |
| Persistent SystemsIT - Software | 0.27% | 0.25% |
| Adani Energy SolutionsPower | 0.24% | 1.19% |
| Dixon Technologies (India)Consumer Durables | 0.24% | 1.59% |
| VedantaDiversified Metals | 0.24% | 0.72% |
| Jindal SteelFerrous Metals | 0.23% | 0.73% |
| RECFinance | 0.23% | 1.27% |
| ICICI Lombard General Insurance CompanyInsurance | 0.22% | 1.29% |
| CoforgeIT - Software | 0.21% | 1.06% |
| MaricoAgricultural Food & Other Products | 0.21% | 1.54% |
| SwiggyRetailing | 0.19% | 0.78% |
| APL Apollo TubesIndustrial Products | 0.18% | 0.56% |
| Havells IndiaConsumer Durables | 0.16% | 0.44% |
| Indian BankBanks | 0.16% | 1.63% |
| NMDCMinerals & Mining | 0.16% | 0.48% |
| KEI IndustriesIndustrial Products | 0.15% | 0.91% |
| Godrej PropertiesRealty | 0.14% | 0.58% |
| Oil IndiaOil | 0.14% | 0.43% |
| Radico KhaitanBeverages | 0.14% | 1.16% |
| DelhiveryTransport Services | 0.13% | 0.17% |
| PI IndustriesFertilizers & Agrochemicals | 0.13% | 1.09% |
| Vishal Mega MartRetailing | 0.13% | 1.61% |
| Prestige Estates ProjectsRealty | 0.12% | 0.80% |
| PNB Housing FinanceFinance | 0.10% | 0.86% |
| UNO MindaAuto Components | 0.10% | 1.21% |
| Aster DM HealthcareHealthcare Services | 0.09% | 1.70% |
| Balkrishna IndustriesAuto Components | 0.09% | 0.80% |
| Bandhan BankBanks | 0.09% | 1.88% |
| AIA EngineeringIndustrial Products | 0.08% | 0.84% |
| ThermaxElectrical Equipment | 0.08% | 2.72% |
| Motilal Oswal Financial ServicesCapital Markets | 0.06% | 0.58% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 0.06% | 0.54% |
| Craftsman AutomationAuto Components | 0.05% | 0.98% |
| Dr. Lal Path LabsHealthcare Services | 0.05% | 2.60% |
| Aditya Birla Sun Life AMCCapital Markets | 0.04% | 1.05% |
| Can Fin HomesFinance | 0.04% | 1.19% |
| Firstsource SolutionsCommercial Services & Supplies | 0.04% | 1.36% |
| Usha MartinIndustrial Products | 0.04% | 1.40% |
| Gravita IndiaMinerals & Mining | 0.03% | 1.13% |
| Vijaya Diagnostic CentreHealthcare Services | 0.03% | 0.85% |
| TBO TekLeisure Services | 0.02% | 0.59% |
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.