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8 of 52 unique stocks in common · Jaccard: 15.4%
A weighted portfolio overlap of 27.25% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.25 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is Shriram Finance, which commands a weight of 4.98% in Back to Index and 4.66% in Kotak Focused Fund. Holding both schemes increases your concentration in Shriram Finance 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 |
|---|---|---|
| Shriram FinanceFinance | 4.98% | 4.66% |
| Bharti AirtelTelecom - Services | 4.57% | 4.79% |
| State Bank of IndiaBanks | 5.64% | 4.39% |
| Maruti Suzuki IndiaAutomobiles | 4.09% | 3.00% |
| Hero MotoCorpAutomobiles | 3.83% | 2.95% |
| BSECapital Markets | 5.32% | 2.84% |
| InterGlobe AviationTransport Services | 3.57% | 2.64% |
| Fortis HealthcareHealthcare Services | 2.20% | 3.87% |
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.