Loading fund overlap…
5 of 294 unique stocks in common · Jaccard: 1.7%
A weighted portfolio overlap of 1.56% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹1.56 is allocated to the exact same companies at the same relative proportions. The schemes share 5 common holdings.
The largest overlapping asset in their portfolios is CIE Automotive India, which commands a weight of 0.75% in Back to Index and 0.44% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in CIE Automotive India 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 |
|---|---|---|
| CIE Automotive IndiaAuto Components | 0.75% | 0.44% |
| Metropolis HealthcareHealthcare Services | 0.63% | 0.35% |
| JK Lakshmi CementCement & Cement Products | 0.54% | 0.29% |
| Varroc EngineeringAuto Components | 0.25% | 0.60% |
| Restaurant Brands AsiaLeisure Services | 0.42% | 0.23% |
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.