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11 of 70 unique stocks in common · Jaccard: 15.7%
A weighted portfolio overlap of 28.42% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.42 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 Apollo Hospitals Enterprise, which commands a weight of 3.22% in Back to Index and 4.31% in IB40-Groww Nifty 500 Low Volatility 50 ETF. Holding both schemes increases your concentration in Apollo Hospitals Enterprise 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 IB40-Groww |
|---|---|---|
| Apollo Hospitals EnterpriseHealthcare Services | 3.22% | 4.31% |
| SBI Life Insurance CompanyInsurance | 3.22% | 3.59% |
| State Bank of IndiaBanks | 3.17% | 5.59% |
| Britannia IndustriesFood Products | 3.11% | 3.93% |
| CiplaPharmaceuticals & Biotechnology | 3.11% | 3.93% |
| Maruti Suzuki IndiaAutomobiles | 3.11% | 6.04% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 3.05% | 4.26% |
| HDFC Life Insurance CompanyInsurance | 3.02% | 3.47% |
| MaricoAgricultural Food & Other Products | 3.46% | 1.49% |
| Dabur IndiaPersonal Products | 2.97% | 1.41% |
| United BreweriesBeverages | 2.80% | 0.50% |
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.