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38 of 505 unique stocks in common · Jaccard: 7.5%
A weighted portfolio overlap of 21.58% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.58 is allocated to the exact same companies at the same relative proportions. The schemes share 38 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.66% in Back to Index and 8.13% in Tata Value Fund. Holding both schemes increases your concentration in ICICI 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 Tata |
|---|---|---|
| ICICI BankBanks | 4.66% | 8.13% |
| HDFC BankBanks | 6.09% | 2.46% |
| ITCDiversified FMCG | 1.57% | 3.47% |
| Kotak Mahindra BankBanks | 1.46% | 5.18% |
| InfosysIT - Software | 2.14% | 1.39% |
| Tata Consultancy ServicesIT - Software | 1.30% | 1.04% |
| NTPCPower | 0.98% | 3.76% |
| EternalRetailing | 0.92% | 2.32% |
| Power Grid Corporation of IndiaPower | 0.74% | 2.54% |
| Shriram FinanceFinance | 0.68% | 5.59% |
| Coal IndiaConsumable Fuels | 0.56% | 4.74% |
| Adani PowerPower | 0.47% | 1.57% |
| Hindustan AeronauticsAerospace & Defense | 0.42% | 2.09% |
| The Federal BankBanks | 0.36% | 1.50% |
| Hero MotoCorpAutomobiles | 0.34% | 3.47% |
| Power Finance CorporationFinance | 0.34% | 1.94% |
| Bharat Petroleum CorporationPetroleum Products | 0.31% | 3.83% |
| PB FintechFinancial Technology (Fintech) | 0.29% | 0.95% |
| HDFC Asset Management CompanyCapital Markets | 0.28% | 1.36% |
| Indus TowersTelecom - Services | 0.27% | 5.10% |
| Adani Energy SolutionsPower | 0.24% | 0.74% |
| Dixon Technologies (India)Consumer Durables | 0.24% | 2.11% |
| VedantaDiversified Metals | 0.24% | 1.29% |
| Muthoot FinanceFinance | 0.19% | 5.05% |
| NMDCMinerals & Mining | 0.16% | 1.24% |
| Oil IndiaOil | 0.14% | 2.36% |
| Radico KhaitanBeverages | 0.14% | 3.15% |
| Coromandel InternationalFertilizers & Agrochemicals | 0.12% | 1.00% |
| Prestige Estates ProjectsRealty | 0.12% | 0.96% |
| Petronet LNGGas | 0.11% | 0.96% |
| Motilal Oswal Financial ServicesCapital Markets | 0.06% | 4.63% |
| Premier EnergiesElectrical Equipment | 0.06% | 2.11% |
| Natco PharmaPharmaceuticals & Biotechnology | 0.05% | 1.00% |
| Cartrade TechRetailing | 0.04% | 1.01% |
| CEATAuto Components | 0.04% | 1.78% |
| Engineers IndiaConstruction | 0.04% | 1.09% |
| Sun TV NetworkEntertainment | 0.03% | 1.17% |
| Bikaji Foods InternationalFood Products | 0.02% | 0.65% |
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.