Loading fund overlap…
10 of 290 unique stocks in common · Jaccard: 3.4%
A weighted portfolio overlap of 5.56% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹5.56 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is TD Power Systems, which commands a weight of 1.63% in Back to Index and 2.89% in HDFC Infrastructure Fund. Holding both schemes increases your concentration in TD Power Systems 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 |
|---|---|---|
| TD Power SystemsElectrical Equipment | 1.63% | 2.89% |
| Voltamp TransformersElectrical Equipment | 1.04% | 1.26% |
| Dynamatic TechnologiesIndustrial Manufacturing | 0.56% | 0.72% |
| Gujarat Pipavav PortTransport Infrastructure | 0.53% | 1.09% |
| Power Mech ProjectsConstruction | 0.41% | 0.91% |
| Ahluwalia Contracts (India)Construction | 0.33% | 0.98% |
| Birla CorporationCement & Cement Products | 0.32% | 1.46% |
| The Anup EngineeringIndustrial Manufacturing | 0.30% | 0.54% |
| Wework India ManagementCommercial Services & Supplies | 0.25% | 0.23% |
| Ashoka BuildconConstruction | 0.21% | 0.58% |
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.