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12 of 349 unique stocks in common · Jaccard: 3.4%
A weighted portfolio overlap of 4.03% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹4.03 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is Sterlite Technologies, which commands a weight of 0.98% in Back to Index and 1.82% in HDFC Dividend Yield Fund. Holding both schemes increases your concentration in Sterlite Technologies 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 |
|---|---|---|
| Sterlite TechnologiesTelecom - Equipment & Accessories | 0.98% | 1.82% |
| TD Power SystemsElectrical Equipment | 1.63% | 0.73% |
| SKF India (Industrial)Industrial Products | 0.64% | 0.36% |
| GHCLChemicals & Petrochemicals | 0.45% | 0.30% |
| PNC InfratechConstruction | 0.30% | 0.29% |
| SKF IndiaAuto Components | 0.50% | 0.27% |
| Dilip BuildconConstruction | 0.25% | 0.38% |
| Inox IndiaIndustrial Products | 0.41% | 0.19% |
| Electronics Mart IndiaRetailing | 0.21% | 0.17% |
| Gujarat Pipavav PortTransport Infrastructure | 0.53% | 0.17% |
| Voltamp TransformersElectrical Equipment | 1.04% | 0.17% |
| Quess CorpCommercial Services & Supplies | 0.16% | 0.15% |
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.