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25 of 139 unique stocks in common · Jaccard: 18%
A weighted portfolio overlap of 27.13% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.13 is allocated to the exact same companies at the same relative proportions. The schemes share 25 common holdings.
The largest overlapping asset in their portfolios is The Federal Bank, which commands a weight of 2.19% in Back to Index and 2.14% in Kotak Midcap Fund. Holding both schemes increases your concentration in The Federal 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 Kotak |
|---|---|---|
| The Federal BankBanks | 2.19% | 2.14% |
| GE Vernova T&D IndiaElectrical Equipment | 1.72% | 4.22% |
| Persistent SystemsIT - Software | 1.62% | 1.62% |
| Fortis HealthcareHealthcare Services | 1.49% | 4.03% |
| Dixon Technologies (India)Consumer Durables | 1.43% | 2.10% |
| BSECapital Markets | 4.61% | 1.39% |
| Max Financial ServicesInsurance | 1.30% | 1.47% |
| Bharat ForgeAuto Components | 1.56% | 1.28% |
| ICICI Lombard General Insurance CompanyInsurance | 1.33% | 1.18% |
| SwiggyRetailing | 1.15% | 1.65% |
| SRFChemicals & Petrochemicals | 1.13% | 1.70% |
| Hindustan Petroleum CorporationPetroleum Products | 1.12% | 1.41% |
| VoltasConsumer Durables | 1.01% | 1.00% |
| Indian BankBanks | 0.93% | 2.37% |
| KEI IndustriesIndustrial Products | 0.93% | 2.98% |
| MphasisIT - Software | 0.93% | 2.79% |
| MRFAuto Components | 0.82% | 0.92% |
| Vishal Mega MartRetailing | 0.81% | 2.67% |
| PI IndustriesFertilizers & Agrochemicals | 0.77% | 1.33% |
| L&T FinanceFinance | 0.74% | 2.27% |
| Coromandel InternationalFertilizers & Agrochemicals | 0.73% | 1.55% |
| Blue StarConsumer Durables | 0.72% | 1.30% |
| Oracle Financial Services SoftwareIT - Software | 0.72% | 1.99% |
| Oberoi RealtyRealty | 0.61% | 2.10% |
| Lenskart SolutionsRetailing | 0.47% | 0.65% |
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.