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58 of 505 unique stocks in common · Jaccard: 11.5%
A weighted portfolio overlap of 11.75% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.75 is allocated to the exact same companies at the same relative proportions. The schemes share 58 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 2.29% in Back to Index and 18.34% in Kotak BSE PSU Index Fund. Holding both schemes increases your concentration in State Bank of 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 Kotak |
|---|---|---|
| State Bank of IndiaBanks | 2.29% | 18.34% |
| NTPCPower | 0.98% | 8.41% |
| Bharat ElectronicsAerospace & Defense | 0.80% | 6.74% |
| Power Grid Corporation of IndiaPower | 0.74% | 6.05% |
| Oil & Natural Gas CorporationOil | 0.60% | 4.75% |
| Coal IndiaConsumable Fuels | 0.56% | 4.78% |
| Hindustan AeronauticsAerospace & Defense | 0.42% | 3.69% |
| Power Finance CorporationFinance | 0.34% | 2.85% |
| Bharat Petroleum CorporationPetroleum Products | 0.31% | 2.66% |
| Bharat Heavy ElectricalsElectrical Equipment | 0.27% | 2.46% |
| Indian Oil CorporationPetroleum Products | 0.27% | 2.36% |
| Bank of BarodaBanks | 0.25% | 2.29% |
| Canara BankBanks | 0.23% | 2.01% |
| GAIL (India)Gas | 0.23% | 2.03% |
| RECFinance | 0.23% | 1.92% |
| Hindustan Petroleum CorporationPetroleum Products | 0.19% | 1.72% |
| Punjab National BankBanks | 0.19% | 1.67% |
| National Aluminium CompanyNon - Ferrous Metals | 0.18% | 1.75% |
| Union Bank of IndiaBanks | 0.17% | 1.47% |
| Indian BankBanks | 0.16% | 1.34% |
| NMDCMinerals & Mining | 0.16% | 1.38% |
| NHPCPower | 0.14% | 1.12% |
| Oil IndiaOil | 0.14% | 1.17% |
| Steel Authority of IndiaFerrous Metals | 0.14% | 1.35% |
| Indian Railway Finance CorporationFinance | 0.11% | 0.82% |
| Mazagon Dock ShipbuildersIndustrial Manufacturing | 0.11% | 0.86% |
| Bank of IndiaBanks | 0.09% | 0.79% |
| Container Corporation of IndiaTransport Services | 0.09% | 0.73% |
| Hindustan CopperNon - Ferrous Metals | 0.09% | 0.81% |
| Life Insurance Corporation of IndiaInsurance | 0.09% | 0.95% |
| Rail Vikas NigamConstruction | 0.09% | 0.63% |
| Bank of MaharashtraBanks | 0.08% | 0.73% |
| Cochin ShipyardIndustrial Manufacturing | 0.08% | 0.57% |
| Indian Railway Catering And Tourism CorporationLeisure Services | 0.08% | 0.71% |
| Bharat DynamicsAerospace & Defense | 0.06% | 0.51% |
| General Insurance Corporation of IndiaInsurance | 0.06% | 0.55% |
| Housing & Urban Development CorporationFinance | 0.06% | 0.47% |
| Indian Renewable Energy Development AgencyFinance | 0.06% | 0.48% |
| NBCC (India)Construction | 0.05% | 0.47% |
| NLC IndiaPower | 0.05% | 0.51% |
| NTPC Green EnergyPower | 0.05% | 0.44% |
| BEMLAgricultural, Commercial & Construction Vehicles | 0.04% | 0.30% |
| Engineers IndiaConstruction | 0.04% | 0.29% |
| Garden Reach Shipbuilders & EngineersAerospace & Defense | 0.04% | 0.35% |
| Chennai Petroleum CorporationPetroleum Products | 0.03% | 0.23% |
| Gujarat Mineral Development CorporationMinerals & Mining | 0.03% | 0.24% |
| Indian Overseas BankBanks | 0.03% | 0.21% |
| IRCON InternationalConstruction | 0.03% | 0.21% |
| NMDC SteelFerrous Metals | 0.03% | 0.23% |
| SJVNPower | 0.03% | 0.24% |
| The Jammu & Kashmir BankBanks | 0.03% | 0.28% |
| Central Bank of IndiaBanks | 0.02% | 0.14% |
| IFCIFinance | 0.02% | 0.20% |
| Mangalore Refinery and PetrochemicalsPetroleum Products | 0.02% | 0.12% |
| RITESConstruction | 0.02% | 0.12% |
| The New India Assurance CompanyInsurance | 0.02% | 0.18% |
| UCO BankBanks | 0.02% | 0.13% |
| RailTel Corporation of IndiaTelecom - Services | 0.01% | 0.13% |
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.