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11 of 306 unique stocks in common · Jaccard: 3.6%
A weighted portfolio overlap of 3.6% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹3.6 is allocated to the exact same companies at the same relative proportions. The schemes share 11 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 1.04% in HDFC Manufacturing 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% | 1.04% |
| Time TechnoplastIndustrial Products | 0.62% | 0.57% |
| Archean Chemical IndustriesChemicals & Petrochemicals | 0.43% | 0.69% |
| Pearl Global IndustriesTextiles & Apparels | 0.33% | 1.04% |
| Birla CorporationCement & Cement Products | 0.32% | 0.74% |
| GMM PfaudlerIndustrial Manufacturing | 0.38% | 0.28% |
| Bajaj ElectricalsConsumer Durables | 0.21% | 0.36% |
| Atlanta ElectricalsElectrical Equipment | 0.20% | 1.29% |
| Sudeep PharmaChemicals & Petrochemicals | 0.20% | 0.63% |
| AequsAerospace & Defense | 0.19% | 0.33% |
| Cello WorldConsumer Durables | 0.22% | 0.12% |
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.