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55 of 511 unique stocks in common · Jaccard: 10.8%
A weighted portfolio overlap of 41.68% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹41.68 is allocated to the exact same companies at the same relative proportions. The schemes share 55 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.09% in Back to Index and 5.10% in Nippon India Equity Hybrid Fund. Holding both schemes increases your concentration in HDFC Bank 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 Nippon |
|---|---|---|
| HDFC BankBanks | 6.09% | 5.10% |
| ICICI BankBanks | 4.66% | 5.13% |
| Reliance IndustriesPetroleum Products | 4.98% | 4.19% |
| Bharti AirtelTelecom - Services | 2.99% | 2.57% |
| Larsen & ToubroConstruction | 2.43% | 3.62% |
| State Bank of IndiaBanks | 2.29% | 2.58% |
| InfosysIT - Software | 2.14% | 2.94% |
| Axis BankBanks | 1.88% | 3.09% |
| ITCDiversified FMCG | 1.57% | 1.67% |
| Mahindra & MahindraAutomobiles | 1.43% | 1.44% |
| Hindustan UnileverDiversified FMCG | 1.03% | 1.29% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.99% | 2.98% |
| NTPCPower | 0.98% | 3.04% |
| Tata SteelFerrous Metals | 0.90% | 1.21% |
| HCL TechnologiesIT - Software | 0.65% | 1.03% |
| EternalRetailing | 0.92% | 0.60% |
| Coal IndiaConsumable Fuels | 0.56% | 0.90% |
| InterGlobe AviationTransport Services | 0.50% | 0.96% |
| Hindustan AeronauticsAerospace & Defense | 0.42% | 1.34% |
| SBI Life Insurance CompanyInsurance | 0.42% | 0.98% |
| TVS Motor CompanyAutomobiles | 0.42% | 1.22% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.41% | 0.68% |
| Tata Consultancy ServicesIT - Software | 1.30% | 0.39% |
| Tech MahindraIT - Software | 0.48% | 0.39% |
| Tata Power CompanyPower | 0.38% | 0.64% |
| Tata Motors Passenger VehiclesAutomobiles | 0.37% | 0.43% |
| Bharat Petroleum CorporationPetroleum Products | 0.31% | 0.52% |
| LupinPharmaceuticals & Biotechnology | 0.29% | 1.10% |
| PB FintechFinancial Technology (Fintech) | 0.29% | 0.73% |
| Samvardhana Motherson InternationalAuto Components | 0.28% | 0.60% |
| Fortis HealthcareHealthcare Services | 0.25% | 0.51% |
| Dixon Technologies (India)Consumer Durables | 0.24% | 0.90% |
| Jindal SteelFerrous Metals | 0.23% | 1.80% |
| ICICI Lombard General Insurance CompanyInsurance | 0.22% | 0.63% |
| CiplaPharmaceuticals & Biotechnology | 0.38% | 0.21% |
| United SpiritsBeverages | 0.20% | 0.72% |
| DLFRealty | 0.19% | 0.91% |
| KEI IndustriesIndustrial Products | 0.15% | 0.57% |
| DelhiveryTransport Services | 0.13% | 0.41% |
| Supreme IndustriesIndustrial Products | 0.12% | 0.52% |
| AstralIndustrial Products | 0.10% | 0.24% |
| SBI Cards and Payment ServicesFinance | 0.10% | 0.41% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.09% | 0.33% |
| LIC Housing FinanceFinance | 0.09% | 0.63% |
| Cholamandalam Financial HoldingsFinance | 0.08% | 0.31% |
| Dalmia BharatCement & Cement Products | 0.08% | 0.19% |
| Apollo TyresAuto Components | 0.07% | 0.60% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.07% | 0.37% |
| CESCPower | 0.06% | 0.42% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.04% | 0.64% |
| Devyani InternationalLeisure Services | 0.03% | 0.40% |
| Rainbow Childrens MedicareHealthcare Services | 0.03% | 1.03% |
| Zensar TechnologiesIT - Software | 0.03% | 0.16% |
| UTI Asset Management CompanyCapital Markets | 0.02% | 1.27% |
| Latent View AnalyticsIT - Software | 0.01% | 0.31% |
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 Apr 2026). Equity holdings only, ISIN-verified. Not investment advice.