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9 of 61 unique stocks in common · Jaccard: 14.8%
A weighted portfolio overlap of 23.85% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.85 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Ultratech Cement, which commands a weight of 3.53% in Back to Index and 4.45% in Nippon India Power & Infra Fund. Holding both schemes increases your concentration in Ultratech Cement 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 |
|---|---|---|
| Ultratech CementCement & Cement Products | 3.53% | 4.45% |
| NTPCPower | 3.42% | 5.76% |
| Bharti AirtelTelecom - Services | 3.40% | 4.72% |
| Larsen & ToubroConstruction | 3.34% | 5.70% |
| Reliance IndustriesPetroleum Products | 3.29% | 5.82% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.22% | 2.95% |
| Coal IndiaConsumable Fuels | 3.28% | 1.49% |
| Grasim IndustriesCement & Cement Products | 3.19% | 1.43% |
| ACCCement & Cement Products | 3.38% | 1.00% |
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.