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11 of 84 unique stocks in common · Jaccard: 13.1%
A weighted portfolio overlap of 29.5% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.5 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 3.94% in Back to Index and 6.48% in HDFC Flexi Cap 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 HDFC |
|---|---|---|
| HDFC BankBanks | 3.94% | 6.48% |
| ICICI BankBanks | 3.71% | 8.83% |
| Larsen & ToubroConstruction | 3.34% | 3.55% |
| SBI Life Insurance CompanyInsurance | 3.22% | 3.76% |
| State Bank of IndiaBanks | 3.17% | 4.22% |
| Bharti AirtelTelecom - Services | 3.40% | 2.96% |
| Maruti Suzuki IndiaAutomobiles | 3.11% | 2.91% |
| CiplaPharmaceuticals & Biotechnology | 3.11% | 2.89% |
| Reliance IndustriesPetroleum Products | 3.29% | 2.01% |
| Britannia IndustriesFood Products | 3.11% | 0.77% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.22% | 0.58% |
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.